What To Look For On A Fort Lauderdale Rental Application

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As a landlord, finding the right tenant for your Fort Lauderdale property can be time consuming and stressful. You don’t want just anyone renting your investment property, you need to know that they’re a good fit, which is why it’s so important to ask the right questions in a rental application. It gives you a bit of insight into the person prospectively living in your property. The following are a few things you should look for in a rental application, to help you make a smart decision about finding the right fit for your investment property.

Rental History: Does the perspective tenant have a good rental history? Do they have consistent records and are forthcoming with information which includes:

  • Previous landlord and real estate contact information
  • Reasons for leaving
  • Amount of rent payed
  • Have they moved around a lot – more than 2 times a year? If so this might mean they find it hard to commit to a long-term lease.
  • Or do they have big gaps in their history with no explanation? Chances are they are hiding something.

Employment: Does the applicant have a steady employment history with little to no gaps of un-employment? Do they provide contact details for the employers listed? Or do they have lengthy periods of un employment or inconsistencies in their information? This could be a potential red flag.

Income and Financial History: Does the applicant earn enough income to easily cover the weekly rent? Does the applicant have a history of financial hardship or has the applicant defaulted on their rent in the past? Is this property rent higher than the previous homes the tenant has rented?

Lifestyle information: If you’re renting out a 2 bedroom flat, it might not necessarily be the perfect fit for a family of 4 with 2 dogs and a cat, that’s why finding out lifestyle information can help form a better picture of the applicant. Some of this information may include the number of occupants, and any children or pets to be residing on your property. Some strata properties have a strict no pet policy, so finding out this information upon application can help you decide potential tenants easier.

Overall

Ask the potential tenant to fill out all the information on the application, and make sure you take your time to review each application carefully to ensure you find the right fit for your property. Republic Property Management can help you to find new tenants that are suitable for your property. Are you ready to rent your investment property out?

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