As the owner of rental homes in Sun Prairie, you have to make sure that you are aware who the individuals residing in your properties are. Properly screened and approved tenants form the foundation upon which successful rental property investments are built. When unauthorized renters move in, it can be frustrating and could even be a risk for liabilities for which your lease and even your insurance may not cover. They can present many problems to both you and your rental property. Foiling unauthorized residents can be a difficult task, but practicing quality property management strategies can afford you both confidence and peace of mind.
Once your tenants have moved into your rental home, it can be difficult to know for certain if new arrivals are just visiting or if they plan on moving in permanently. That is why drafting prevention plans and early detection are better than waiting for problems to arise.
A good prevention plan for unauthorized renters includes four important tasks:
- Remember, you can’t enforce any rules if it does not say so in your lease. That is why your leasing process should contain a thorough screening of all prospective tenants. Anyone over the age of 18 should be subjected to a background check, despite their relationship to the primary renter.
- It’s important to sign only quality tenants with a solid rental and income history and good references. Prior landlords and references should be phoned and questioned, taking careful note of any warning signs in their past behavior or failure to uphold the terms of an agreement.
- Quality leases with complete, specific language about unauthorized tenants should be used. Such a lease can address any anticipated risks or other major issues, and lay out clear expectations about who is allowed to live in the home and for how long.
- 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.
This process can be a time-consuming and expensive one unless you have the right people and resources on your side. Streamline your Sun Prairie rental property leasing process by contacting Real Property Management Greater Madison Metro. We can handle the leasing process from start to finish, ensuring that every renter in your rental homes is the best possible choice. Please contact us online or call us at 608-310-1290 for more information.