TENANT SCREENING - For The Small Asset Landlord

Your rental property is an investment, and that is not something to be taken lightly, especially when entrusting that investment to someone you do not know. Yes, a certain amount of risk is assumed when you take on the role of LANDLORD, but you can mitigate potential losses by performing your due diligence. What about the damage that this unknown tenant may cause? Will the security deposit cover all or just some of the damage that could potentially happen? What happens when the damage is so severe that the unit cannot be rented out for months? Yes, these are unknown factors of what can occur during a tenancy and why it is crucial that, as a landlord, diligence is complete in pre-and post-screening. Oops, I almost forgot! As I am sure, you did. Time is valuable and cannot be replaced! What is your time worth?