In the real estate world it is sometimes said: ‘Rather not rented out at all, then having a bad rent out’. This actually means that renting out to the right tenants is perhaps even more important than the final rent price or the duration of the contract. A tenant who is a defaulter, always overdue or causes inconvenience is of course very annoying for a landlord. If the tenant has a contract for an indefinite period of time, it is very difficult to get the tenant out of the house, since he or she benefits from rent protection.
Tenants with a short stay contract obviously have a definite end date, which means that they will leave at a certain moment. If we carry out the management, we also collect the monthly rent, so once this has not been received, we will immediately take measures. However, it is possible that payments appear later on the bill than planned due to international transactions, weekends, holidays etc.
What are the requirements for a tenant?
Tenants, they come in types and sizes. Highly educated, educated, young professional, studying, divorced, cohabiting, single. But how do you know whether it is a reliable tenant? To get a good picture of a potential tenant, we conduct an extensive screening.
The screening process actually starts with the first contact we have as a rental agent with a potential tenant. Through years of experience we have learned to distinguish good tenants from less good tenants, or tenants who may have other intentions with the rental property.
The official tenant screening
First of all, it is important to mention that a screening is a snapshot. We think that achieved results from the past offer no guarantees for the future. Even though that sounds crazy, there is a lot of truth to this. We cannot look into the future. A tenant can be perfect on paper, permanent job, good income, etc. But what if the company where the tenant works, suddenly starts to reorganize? A tenant can lose his job during the rental period. The occurrence of situations like these are out of our control.
Documents to be supplied by the tenant
If a tenant is interested in renting a house, he or she is required to provide:
– an employer’s statement
– copy bank card front and back
– copy ID
– the 3 most recent pay slips.
The documents mentioned above will be checked and discussed with the landlord. If the landlord agrees, we can proceed to setting up the contract.
When we are in doubt of the provided documents
With the help of a good screening, you as a landlord, will have more certainty about the quality of the tenant. The outcome of a screening report is often essential when deciding whether or not to rent out to a potential tenant.
It speaks for itself that a screening does not provide 100% guarantee for a high quality tenant. It is also important to take the necessary steps. Nowadays there is so much to find on social media and google that a person is easy to check on. Of course, listening to the tenant and getting a feeling of his or her intentions in the flesh is also an important part of the decision-making process
When executing the screening, personal details of the potential tenants are handled confidentially and discreetly and are only shared with third parties if necessary. This ensures the privacy of potential tenants as much as possible. The costs of a tenant screen are €12.50 and for the account of the landlord if this is desired.
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