You've worked hard, saved your money and
decided to invest in rental property. Maybe you've taken a
real estate seminar or read a couple of "How To" books on
buying foreclosed houses or distressed duplexes. You might
have even have the experience and skills to 'fix up" homes in disrepair
and turn them into attractive places to live.
Or maybe you're a commercial real estate
investor who has the resources to buy apartment complexes or
other large multi-family investment properties.
You've learned how to forecast rental income,
project annual lease increases, plot estimates of growing rents
over the next seven to ten years. You feel comfortable
that the money you are about to invest will bring you a good, if
not, better than average, return.
But all the
forecast charts, projection graphs and calculation grids are
dependent on one thing and one thing alone.
And that essential dependent variable is this
-- Can you keep your rental property occupied, and can
you keep it occupied with good tenants that pay and
stay?
These crucial facts are not what
they tell you in the seminars and the pricey, monthly newsletters.
They presuppose, and you take for granted, that when you invest
in a rental property, it will be occupied as soon as you put
in on the market. You are assured when you buy a property
you will immediately start earning a return on your investment
that not only covers your debt service, but will give you expendable
income. In addition , they reassure you that you will
have good tenants who will pay their rent on time and take care
of your property.
New investors in real estate, and sometimes
even experienced professionals, learn the hard way that
the critical difference between making their financial
dreams come true and realizing their worst nightmares is
t
he quality and character of
the tenants who rent and live in their properties.
Whether you
are a first time investor or an experienced professional,
Durham & Associates is
prepared to assist you in making sure the potential resident or
tenant you have is one who will give you the best chance of
maximizing your investment objectives.
How can we do that?
By
helping you conduct
a basic tenant/resident background check designed to
economically and efficiently screen your prospective renters.
We suggest
this screening process include a Social
Security Number Verification and Trace,
Criminal Records Search and
Credit History.
This
three-point approach assures you the prospective renters are who
they say they are, do not have a violent or fraudulent
background and can appropriately manage their financial affairs.
Think of the
advantage you have to protect your investment and meet your
financial goals were you not to screen the people who move onto
your property.
Tenant Screening . . . where you
get the advantage
