Landlord Tools: Must-Ask Questions for Potential Tenants

Some argue that landlords can almost always eliminate the large majority of their tenant issues by using an effective screening process, meaning the actual renter is just as important as having the property rented. Sure, it’s no secret that any prolonged vacancy can be a little scary, so securing a tenant for your property quickly becomes of paramount concern. But it’s probably a good idea for property owners to tune into this reality at the outset: properly qualified tenants are less stressful, and will offer the landlord a certain peace of mind – that his/her property will be looked after with care.

That said, here’s a list of the most popular must-ask questions for potential tenants:

1) What is your monthly income?

It’s important to make sure your tenant earns a monthly income that is 2 to 3 times the set rent amount. This is just basic math for you – an effort to ensure that the tenant can afford your place. Although increased debt could also affect their ability to pay the rent, a quick check of the renter’s credit report should put you at ease. Follow up by asking them if they’ll have the security deposit and first month’s rent upon signing the lease. Knowing this, combined with their income, gives a solid indication of their financial health!

2) Why are you moving?

Even though this may seem like none of your business, the answers often reveal warning signs. Always be on the lookout for tenants who are moving because of a pending or current eviction, or happen to mutter something about a rift between them and their prior landlord. Also, be wary of tenants who complain about their current living situation, given their bad habits are sure to be following close behind. Instead, listen out for legitimate reasons, such as needing a larger place for a family or moving because of a new job.

3) When do you plan on moving in?

If a tenant pulls out a “tomorrow” or “next week,” you might get the sense that they’re poor planners, being most reliable tenants start their search well in advance of a target move date. In fact, most landlords require 30 days notice from their tenants anyway, making the “next week” comment a possible red flag. And don’t get yourself in a situation where you’re like their previous landlord: on the receiving end of last-minute notice and scrambling to find a new tenant.

4) Can you offer references from your former landlords and employers?

With the exception of someone moving straight out of their parent’s house for the first time, if the tenant can’t provide references, you should quickly call it a day. References are an absolute must, especially from former employers (i.e. can they even pay the rent?). And here’s a quick tip from rental experts: Ask for a former landlord reference, rather than a current one. If the current landlord has issues with the tenant or is going through an eviction, he/she might jump at the chance to get the tenant out of their sight, and off their hands. A former landlord, however, will typically remember a horrible tenant and be more than willing to give you an honest take on the situation.

5) Do you have any pets?

This one is pretty much a no-brainer. Either, a no-pet policy will stop the interview dead in its tracks, or you can explain whether you have any restrictions on the types or number of pets allowed!