| You bought yourself a brand new rental property and | | | | their income tax records since they do not have a |
| the ink has barely dried on the deed and you can't wait | | | | salary slip like employed tenants do. You should get |
| to rent it and start earning some money. When you | | | | the tenant to furnish their latest salary slip or |
| want to make money investing you want to have all | | | | confirmation letter from their HR department. |
| the right information, using the right landlord forms will | | | | After you have confirmed that the renter earns |
| give you the critical information you need in order to | | | | enough money to pay the rent you want to find out |
| know whether or not the tenant is a valid option or not. | | | | whether or not they will pay it on time, there is two |
| When you are screen prospective tenants you can't | | | | ways to go about getting this information, your landlord |
| really tell by meeting them if they are responsible with | | | | form can request permission from the tenant to get a |
| their financial obligations or are they going always be | | | | copy of their credit report or you can ask them for |
| late with their payments and damage your property in | | | | references from their most recent landlord. If they do |
| the process. | | | | not have a landlord reference or won't provide one |
| Before you meet your tenant face to face you should | | | | then you must rely solely on what their credit report |
| have your landlord form in place to have them | | | | indicates. Rent is not recorded on a persons credit file |
| complete, this gives you an advantage to make sure | | | | so you cannot tell whether or not they pay it on time |
| the tenant is going to be the best fit for your needs. | | | | but if their credit score is high then you can be fairly |
| When your tenant is filling out the form make note of | | | | sure they will, on the other end of the spectrum if their |
| how forthcoming they are with their particulars, if they | | | | score is unusually low then you must find out why it is. |
| are asking lots of questions and aren't giving you | | | | If the reasons seem invalid or if your instincts tell you |
| complete information it may be some cause for | | | | this doesn't make sense then you should move onto |
| concern. Your landlord form should ask for particulars | | | | the next applicant otherwise you may be setting |
| about the renters employment background, this help | | | | yourself up for more headaches than you bargained |
| you find out whether the renter is able to service the | | | | for. |
| rent, if they are self employed you can ask them for | | | | |