With a lot of people now shifting towards the apartment complex phenomenon, away from independent houses, chances are that you’ll be bombarded with options when you start searching for tenants for your apartment. Accommodation in major Indian cities is a very important aspect, and there are countless families and single working bachelors looking for flats that are located in the main areas of all cities.
With their home in an apartment complex in one of the main spots in the city, it’ll be easier for them to reach all the happening places with minimal commute. With so many options in hand, you’ll face a tough time trying to pick out a particular applicant as your tenant. Choosing a tenant, though, is something that should be done with a lot of caution.
The Intricacies Involved
Unless you’ve been a victim of fraudulent activities before, you’ll hardly realize that there are shades of grey in people that you’ll need to watch out for. When you pick a tenant, you should be sure that you’re making the right choice because with an ex-convict as your tenant, your life can take a turn for the worse.
Moreover, when it comes to an apartment complex, you should not only ensure your safety but the safety of others as well. Renting out your apartment to a criminal (even when you do it without your knowledge!) can result in unnecessary complications.
For this reason, it is always wise to follow a few steps before you rent out your apartment to a third person.
Place Your Apartment Keys In Trusted Hands
What You Can Do
You can set up a small process through which you can filter out the right tenant for your home. This involves the following steps.
- Performing a Background Check – Always perform a thorough background check on all your applicants, and get every whisker of information that you can find. You’ll need to know about an applicant’s history to see if there have been any prior problems regarding rents or vandalism. It is best to get in touch with your potential tenant’s ex-landlords and ask them about their experiences with the applicant. This can help you get some perspective on the kind of individual that your applicant is. An apartment complex is a utopian community, and you should be doubly careful when you introduce someone new into the fold.
- Performing a Credit Check – This one can be quite tricky, as performing a credit check by yourself can be hard, unless you’re working in a similar stream. You’ll need to graze through the credit history of the applicant to make sure that he/she is self sufficient and can afford to pay the rent without any hiccups.
- Getting Police Verification – Make sure that you notify the police about your applicant, as this is very important nowadays. This will help them cross check on the applicant’s details and get back to you with their feedback. There’s a separate form for this which can be downloaded or collected from the police station that’s near your apartment complex. Police verification is a very important step that you should not skip on any count.
By following these steps, you can filter the best tenants out from your list. You can then hand over your keys with full trust, without any nagging suspicion at the back of your mind.
ApnaComplex is a web based apartment management software. It is designed to make the life of residents and owners a lot better by brining in more transaparency and accountability in manging the complex. Sign up your complex today and get the benefits!
This article aims at collating and providing information for benefit of ApnaComplex customers and blog readers. While ApnaComplex has taken every care to ensure the information is accurate, we suggest to please use it only as a guidance for further discussion and action with help of relevant professionals. If you need professional advise on this topic and any other property related matters, please send your request through our contact us form. You may post your questions/inputs in the Comments section below and we will try and get them answered through relevant subject matter experts.