Builders looking to use their maintenance skills as owners and landlords of rental properties must attract and retain the right tenants. Consider the following: 1) Income. Interview prospective renters thoroughly, be sure they have enough monthly income to pay rent. 2) Credit. Credit checks don’t always indicate whether person or family is a sound risk. Check references and interview parties for a better tenant picture. 3) Risk. Don’t discriminate, but do whatever possible to minimize property risk and damage. 4) Security Deposit. It’s best to keep the deposit separate, in case the renter fails to pay the final moth’s rent. 5) Take care. Be an attentive landlord to retain good renters and reduce expensive turnover.
Read the full article here: Tips for Builders Marketing a "Home for Rent by Owner" – Fine Homebuilding