Property owners who are new to investing will undoubtedly have concerns about who it is that will live in their asset. While problems with tenants causing damage are not as commonplace as some may have you believe, screening tenants will help you select a better qualified occupant and feel more at ease with your selection.
When you are screening tenants, even if you pick very carefully, there is always the possibility that they will not treat your property the way that you would have hoped for. Prepare adequately with the right insurances to provide yourself a safety net.
You are checking for two primary things when screening tenants:
1. Can they afford this property?
2. Will they look after the home?