What happens when you have unauthorized renters in your The Colony rental homes? As the owner, you have to make sure that all individuals residing in your property are properly screened and approved tenants, ergo, it is a must that you are conscious who each of these individuals is. Unauthorized renters pose a significant risk for liabilities when they move in. Liabilities that the lease and even perhaps your insurance has not covered. Blocking unauthorized residents can be complicated, but the good news is if you execute quality property management strategies then you can have that peace of mind and confidence that you deserve.
After your tenants have moved into your rental home, it can be difficult to know for sure if the people that are coming in are merely visiting or if they plan on moving in for good. That is why prevention plans and early detection are the safer way to go about this circumstance than waiting for difficulties to transpire.
A good prevention plan for unauthorized renters includes four important tasks:
- Your leasing process should contain a thorough screening of all prospective tenants. Anyone over the age of 18 should be directed to a background check, irrespective of their relationship to the primary renter.
- It’s imperative to sign only excellent tenants with a solid rental and income history and good references. Prior landlords and references should be phoned and questioned, taking careful notice of any threatening signs in their past behavior or if they have a history of failing to follow the terms of an agreement.
- Quality leases with complete, specific language about unauthorized tenants should be used. Such a lease can address any expected risks or other big concerns and lay out clear expectations about who is permissible to live in the home and for how long.
- Regular property evaluations are necessary to ensure that the terms of the lease are being met. More than anything else, knowing that they are being checked up on may help your renter stay vigilant in holding to the agreement they made with you.
This process can be a time-consuming and expensive one unless you have the right people and resources on your side. Streamline you The Colony rental property leasing process by contacting Real Property Management Preston Trails. We can handle the leasing process from start to finish, ensuring that every renter in your rental homes is the best possible choice. Please contact us online or call us at 214-477-6518 for more information.