Thursday, September 11, 2014

Tips for choosing tenants

Landlords, it is advisable that you ask your prospective tenants to complete a rental application. Two important elements of the application are the person's employment and past rental history. Information should be provided for the past three or five years.

Once you receive a completed application, you should contact each of the applicant's employers and landlords. If the applicant has worked at the same job and lived in the same apartment for that time period, it may be a good indication of a quality tenant.

If the prospective tenant agrees, credit bureaus can supply landlords with a credit history report. This report will provide you with valuable information such as, the timeliness in which credit card and car loan payments have been made, bankruptcies, judgments against the tenant, and any other adverse information from creditors.

Be sure to treat all prospective tenants in the same way. Landlords make sure you go about renting your property in the correct way. At www.bradfordmillerlaw.com you will find information about our firm and valuable information for landlords. Bradford Miller Law, P.C. can help you with any landlord issues you may have. For practical counsel at a very reasonable rate in this complex area of law, please call 312-238-9298 for a free 15-minute consultation.

Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602

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