Know Your Tenants – Proper Background Checks
Buying an income property is a great way to diversify your investment portfolio. Adding a real estate component to your portfolio allows you to take advantage of market growth while providing an income stream. Finding and keeping good tenants is the most important aspect of managing a rental property. Proper background checks can mean the difference between a financially successful investment and a money-pit; costly evictions, extended vacancies and property destruction can be reduced or avoided by taking the time to do a proper tenant screening at the time of application. PropertyZar understands the importance of proper background checks, so they have teamed up with Reliable Screening which provides valuable information about potential tenants. Having a bad tenant can not only add stress to your life, but cause problems which can last for years. Non-Payment/Slow-Payment Income producing properties are supposed to produce income. Non-paying or slow-paying tenants do not...