Does Your Wolfforth Rental Property Have Unauthorized Residents?

Realizing that unauthorized residents are moving in on your Wolfforth property can be a stressful situation to be in. It is your responsibility as the owner to make sure that you know each of the individuals living on each property. Success stories of rental property investments rely heavily on property screened and approved tenants and dealing with unauthorized residents can be overwhelming. It can put you and your property at risk for liabilities for which the lease and perhaps even your insurance has not covered. The key is a proper and stern implementation of quality property management strategies.

Prepare yourself by educating yourself on what are the steps that can be executed before your tenants move in as it can be challenging to identify whether or not individuals are just visiting or planning on moving in permanently. Prevention plans and early detection are always better than to wait around and see.

A good prevention plan for unauthorized renters includes four critical tasks:

1. Your leasing process should consist of a thorough screening of all prospective tenants. Anyone over the age of 18 should be subject to a background check, regardless of their relationship to the primary renter.
2. It’s essential to sign only quality tenants with a solid rental and income history and good references. Prior landlords and references should be contacted and interviewed, taking careful note of any warning signs in their past behavior or failure to uphold the terms of an agreement.
3. Quality leases with complete, specific language about unauthorized tenants should be used. Such a lease can address any anticipated risks or other significant issues, and lay out clear expectations about who is allowed to live in the home and for how long.
4. Regular property evaluations are necessary to ensure that the terms of the lease are being met. More than anything else, knowing that they are being checked up on may help your renter stay vigilant in holding to the agreement they made with you.

Handling unauthorized residents is one of our primary services here at Real Property Management Services, we understand that it can be time-consuming and not to mention costly process unless you have the right people and resources on your side. We can handle the leasing process from start to finish, making sure that every renter in your rental homes is the best possible choice giving you’re the peace of mind. Please contact us online or call us at 806-853-6546 for more information.