More renters will be looking for rental properties across the country and of course in westchester county area with the increase of foreclosures. It's inevitable that with supply and demand, rental property will be critiqued by renters and landlords will be critiquing tenants. There has to be a sort of happy medium in this equation. Many new renters will have tarnished credit and rental history as they're just entering or coming out of a foreclosure. Most landlords these days require good credit, past recommendations and references from previous landlords.
So what do you do? How do you ensure getting selected as the new tenant and how do you select good tenants? For both property owners wanting to rent and previous home owners needing a new place to call home, there are things to remember and guidelines to follow.
Landlords: It may be time to scrap your previous application form and make some needed changes for the changing times. Ask if their previous place of residence ended in a foreclosure. If it did, you can contact the current listing brokerage about the condition of the home when they first listed it. This may give you a good indication of how they kept the property and if there was major damage to the home when they left. You can also find out online using your county auditor website if the rental applicant had previously owned a home and what happened to it.
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