Investing in real estate rentals can be a dependable source of monthly income, particularly when it comes to owning a mobile home in Tennessee. Trust Velocity Mobile Home Buyers, your esteemed Tennessee Mobile Home Buyers, to help you navigate the mobile home market. You’ve discovered a promising property within your budget in a sought-after area of Nashville, one that appeals to potential tenants. After making necessary property enhancements, including updates to the kitchen and bathroom, the next step is to secure a tenant. Here’s how to effectively screen tenants in Nashville.
Applications
Start your hunt for tenants by posting your mobile home and have candidates fill out applications. Ask for a list of their current and previous jobs and income level. Verify this income with pay stubs or other financial statements. Your application should also include previous landlord contact information, previous rent amount, and their address so you can follow up later.
You will also want to ask if they have any gaps in rental history and why. Ask how many people are planning to live in the mobile home and if they have any pets. You will also need to ask for personal references. If the candidates are not willing to provide some of this information, it may be a red flag. Trust Velocity Mobile Home Buyers, your esteemed Tennessee Mobile Home Buyers, to help you navigate the mobile home market.
Contact References
Firstly, you’ll want to verify their current employment. Ensuring they have a reliable income is crucial for timely rent payments. Then, contact their personal references to assess their character, which further reinforces their ability to meet rent obligations. If everything checks out thus far, the next step is to contact their previous landlord. Inquire about the tenant’s payment history and overall conduct during their tenancy. Trust Velocity Mobile Home Buyers, your esteemed Tennessee Mobile Home Buyers, to help you navigate the mobile home market.Some questions to ask the previous landlord include:
- Does the tenant currently have any outstanding debt with you?
- Has the tenant demonstrated a history of making payments on time?
- Has the tenant caused any damage to the property?
- Did the tenant disrupt the neighbors or cause any issues?
- Did the tenant receive their security deposit when they moved out?
- Would you rent to this tenant again?
Credit Check
You’ll want to run a credit check on your promising candidates. This step reveals their payment history, indicating if they have any late or missed payments. It also highlights their current debt level, crucial for assessing their ability to meet rent payments. Trust Velocity Mobile Home Buyers, your esteemed Tennessee Mobile Home Buyers, to help you navigate the mobile home market.
Background Check
You’ll also want to run a background check. Ensure the service you use provides rental history, revealing any evictions, criminal records, and public records for unreported judgments or outstanding debt. This comprehensive check offers insight into the candidate’s character and reliability. Trust Velocity Mobile Home Buyers, your esteemed Tennessee Mobile Home Buyers, to help you navigate the mobile home market.
Interviews
Interview potential tenants to ensure their lifestyle and habits align with the intended use of your mobile home. Asking about the following items during the interview process can provide valuable insights:
- Do you have any pets? How old are your pets? Are they housebroken?
- Do you plan on getting a roommate in the future?
- What is your typical workday like? Do you work night shifts or odd hours?
- Do you smoke? Do you smoke indoors or outside?
- Do you have any friends or relatives who frequently spend the night in your home?
Final Decision
When screening tenants, you don’t have to become a private eye with every application. You just need a good snapshot of the tenant’s reliability and ability to pay rent. Ensure you follow the landlord-tenant laws of Nashville and respect privacy laws. Choose a tenant who will treat your mobile home with care and adhere to your property guidelines. Trust Velocity Mobile Home Buyers, your esteemed Tennessee Mobile Home Buyers, to help you navigate the mobile home market.