There are over a half-million people who live in Chester County, with significant growth expected for the next 30 years. With so much attention on PA's 7th largest county, tenant placement becomes a major focus for landlords.
Learn exactly how to filter out bad tenants, management tips, and tenant selection criteria in this guide.
Screening Applications Thoroughly
Start with a comprehensive rental application that gathers essential information, including employment history, rental history, and personal references. Make sure to conduct background checks that include:
- Credit Checks: Assess potential tenants' credit scores and payment history to gauge their financial reliability
- Criminal Background Checks: Ensure that prospective tenants do not have a history of violent crimes or other issues that could affect the safety of the community and property
- Rental History Verification: Contact previous landlords to inquire about the tenant's payment habits, property care, and overall behavior as a tenant
Pennsylvania Fair Housing Laws
Landlords in Chester County must follow federal and state laws against discrimination in housing. This means you can't treat people differently because of their race, skin color, religion, gender, country of origin, family status, or disability.
It's important to know these laws to make sure you treat all tenants fairly. Make rules that apply to everyone and don't make decisions based on things like race or gender.
Setting Competitive Rental Rates
Set competitive rental prices to attract quality tenants. Research market rates for similar properties in Chester County; consider location, amenities, and unit condition when setting prices. Fair prices reduce vacancies and attract long-term tenants.
Utilizing Technology for Efficiency
Use property management software to make renting out easier. Some tools can help with applications, background checks, and talking to potential tenants. Putting your rental listing online can also help you attract more people.
Or, simply hire a property management company to do all the tech stuff for you.
Conducting In-Person Interviews
While applications and background checks provide vital information, in-person interviews can offer deeper insights into a tenant's personality and intentions. When you meet with potential tenants, ask questions about where they've lived before and what they plan to do in the future. This will help you understand if they'll be a good fit for your property.
Creating Clear and Comprehensive Lease Agreements
Once you've selected a tenant, it's important to draft a clear lease agreement that outlines all terms and conditions. Be sure to include:
- Rental Amount and Payment Due Dates: Specify how and when rent should be paid
- Security Deposit Requirements: Detail the amount and conditions for its return
- Maintenance Responsibilities: Clearly define who is responsible for property upkeep
- Pet Policies: Outline rules regarding pets, if applicable
Ensure that both parties understand the lease terms to avoid misunderstandings later on.
Improve Your Tenant Placement in Chester County
Landlords in Chester County can reduce risks and promote a pleasant rental experience by following these recommended practices for tenant placement. If you feel like you don't have the time: choose Times Real Estate Group, LLC to do the tenant screening process, maintenance, and rent collection.
We know the Chester County area well. We can help landlords manage their properties and keep their tenants happy and staying longer. Contact us to get a free quote.
