The Woodlands of Latham -

4 Things Property Managers Look for that Say “Tenant-Worthy”

The Woodlands - Tuesday, October 20, 2015


Are You Tenant-Worthy?

When it’s time to rent an apartment, such as one at The Woodlands, there are lots of different things you can expect; paperwork, background checks, and credit checks, just to name a few. Your Property Manager has to take certain measures to ensure that you would make a good renter of his or her property. But what exactly are Property Managers looking for during all of this? Read on to find out 4 things that Property Managers look for in a perfect tenant.

  1. Proof of Identity: The Property Manager needs to be sure that you are who you say you are. This is to protect not only themselves, but other tenants and neighbors in the surrounding area.
  2. Proof of Ability to Pay Rent: This proof can come in the form of pay stubs or a proof of employment letter from your employer. Or, if you aren’t employed but still have incoming funds, you will have to provide proof of this as well.
  3. A Good Rental History: The Property Manager will want to know how past rentals have gone – were you a loud tenant that partied a lot? Did you pay rent on time? He or she will want to see references of past Property Managers. If you’ve never rented before, be prepared to provide other references and/or get a co-signer for your lease.
  4. Good Credit/Financial Status: Your credit will probably be checked. If you have a low credit score, this does not necessarily mean you will be denied. To make up for it, your Property Manager may require a larger security deposit, or you can offer to pay a few months of rent up-front (if you’re able to). However, unpaid debts and other financial issues may be cause for denial.
If you’re thinking about renting an apartment, remember that these are the things Property Managers will be looking for. Try to be as honest as possible from the get-go, the less surprises there are, the better chance you have of being accepted! A lot of Property Managers also require that you start by filling out a rental application. You can see ours here

Here are a few things you need to know if you are renting an apartment for the first time.

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