For those who have been in the rental property market for years, you’ve probably had a taste of what a bad tenant is. And if you haven’t been in this business, you won’t like to know what it is, for sure. Experts always advise to carry out an effective tenant screening process so you can filter out those potential bad tenants.
So if you’re looking for apartments for sale in Dubai or more specifically in amazing places like city walk apartments or Palm Jumeirah, and even off plan projects by Emaar, so you can start leasing and gaining extra money, here are some tips for you to screen your tenants and start your business without any problem. Isn’t that great?
1. HAVE AN APPLICATION READY TO GO
You must create a simple rental application so you get to know the basic profile of every tenant who comes to your door. Having it ready can save you plenty of time!
These applications should cover basic information like:
* Legal name (as per the passport or id)
* Phone number
* Lifestyle information (smoker or non-smoker, pets)
* Financial information (how much do the tenants earn, bank accounts, credit card balances, financial obligations)
* References from previous employers and landlords
2. IN-PERSON INTERVIEW
When you make a face to face interview with your potential tenant, you are probably making a big difference. You’ll get to know your tenant’s vibe and manners in a more personal, unique way. Be sure to notice details such as punctuality, considerate personality, well-manners, and other values.
3. RUN A BACKGROUND CHECK
Just to be sure, you should ask for a copy of a good conduct certificate.
Since January 2018, those foreigners or expats who are coming to the UAE and Dubai must obtain this kind of certificate for their home country or country of residence for the past five years when you’re applying for a work visa.
If you’re soon to be tenant has a criminal record, make sure you know the context of the crime and how severe it is.
4. APPROVAL AND SIGNING OF THE LEASE
Once you feel good and satisfied with the information you’ve already gathered from the amazing tenant screening you just did, congratulate your tenant for meeting the requirements and now you can proceed to the signing of the leasing contract. And that’s it!
