Effective Tenant Screening creates long-term quality tenants

Whether you are a bank or an independent investor, looking to rent out a home, the most important decision you’ll have to make after you decide on the property is deciding on the tenant. Effective tenant screening can mean the difference between having long-term tenants, who maintain your property and pay on time and short-term tenants, who always pay late and move out as soon as their leas is up, leaving the property in need of repair. Selecting a Tenant: What to Look For Good tenant selection will be an invaluable resource to you. Good tenant selection ensures that your investment property is safe and you can rely on the monthly income to supplement the costs. However, a bad tenant can be nightmarish. If you have a tenant who damages your property or refuses to pay rent on time, you may be faced with having to recoup your money and evict the tenant, neither of which is without its problems and financial concerns not to mention easy. So, how is it that you go about the process of tenant selection? At Palace Property Management, the first part of our process is screening the applicants. We make sure we have an in depth tenant application available. We have all prospective tenants fill the application out completely then we thoroughly check their credentials. We do a background and credit checks in order to make sure they are the type of tenant you want occupying your home and that they have the job stability necessary to maintain a good landlord and tenant relationship. You need a professional to screen prospective tenants. Do...

What are the benefits of using a property manager?

Hassle free – No more midnight calls about that old refrigerator or a lost key.  Never worry about chasing rent checks or making time to meet that contractor.  Palace Property Management has it covered.  In addition, we do regular,  inspections of all common areas and annual inspections of all rental units. Absentee landlord? – We are your local eyes and ears. Call Karen Today for more information at 208-661-3177 or email us at info@palacepropertymgt.com Focus on your core business – Is real estate not your core business?  If not, leave the details to us.  Free yourself up to focus on what is most profitable to you. Industry expertise – We are full time professionals with a thorough knowledge of the local real estate markets.  Is the rental market strong or weak?  Should I be buying or selling property?  We can answer your questions. Vendor relationships – Whether it’s a boiler or a doorknob, we know exactly who to call for prompt, reliable...