For successful property management you will require screening, invoicing, surveys, notices or delinquent-rent collection for residential or commercial tenants.

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"But your honor, if you force me out of my
apartment the state won't know where to
mail my unemployment check!"

Employment

The importance of a source of income further insures your security in renting to a prospective tenant. Be certain that the complete company name, address, and telephone number are provided. The name of a supervisor, length of term of employment, and pay rate are all important pieces of information that must be confirmed. Many large employers have toll free electronic employment verification telephone numbers. In the event your prospective tenant works for a smaller company, it is equally important to confirm his employment. Ask for a pay stub and even a tax return or W-2 form to verify the information provided. Remember to cross check the social security number and name with the other information provided.

If your applicant claims to be self employed, an independent contractor or a partner or owner of a company, he must provide proof. At minimum a business card will indicate a place of business and field of work. If it appears to be a field that requires a license such as a contractor, real estate agent, nurse, or hair stylist, to mention only a few, ask to see a copy of their license. Check with the governing agency or a private information provider to find out if the license is active and in good standing.

If the prospective tenant claims to own his own business, check with public records or a private information provider to be sure such a business exists and that he is, in fact, the owner.

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