Keys to find the best tenant for your apartment

Just a month ago we discussed the essential factors for selecting the ideal buyer when selling a property. But what about tenants, how can you effectively find the better tenant for your apartment?

The time has come for you to have the definitive guide that will allow you to anticipate and make sure you find the perfect tenant.

The figure of the good tenant

Quality tenants meet certain criteria:

• They are financially sound.
• They treat and maintain the property with care.
• They respect the privacy and rights of other tenants.
• Pay rent and expenses on time.
• Adhere to the rules of coexistence established by the community.
• Effectively communicate any inconvenience or repairs required.

How to find the best tenant for your apartment

• 1. Attract the right tenant

It is not enough just to select the ideal tenant, it is also crucial to attract them. An effective strategy to filter out candidates that do not meet your expectations is to clearly detail the requirements in the property ad.

For example, you can specify the amount of the deposit or establish restrictions on pets or smoking, among others.

• 2. Request all required documentation

To prevent misunderstandings or future conflicts, we recommend that you ask potential tenants for the following documents:

1. Employment contract.
2. Last three pay slips.
3. Basic personal information.
4. Most recent income tax return.
5. National Identity Document (DNI).

We also advise you to have a lawyer or real estate expert draw up the final rental contract, to ensure that it complies with the law and offers protection against any contingency.

• 3. Evaluate the financial capacity of the candidate

It is essential to verify the financial solvency of the potential tenants to ensure the timely payment of the rent, that is why we have recommended you to request the documentation mentioned in the previous point.

Using the 1/3 rule can also be very effective: make sure that the tenant’s monthly income is at least three times the amount of the monthly rent.

• 4. Determine the lifestyle that best suits you

Without a doubt, having a defined strategy in advance is very beneficial. When leasing a property, it is useful to establish a specific tenant profile that aligns with your expectations.

Generally, it is considered that families with older children represent an ideal balance between stability and adequate maintenance of the property.

• 5. Organize a face-to-face meeting

Beyond the signing of the lease, you will need to maintain communication with your tenant to resolve issues or discuss any matters that arise during the lease period.

It is advisable to establish a cordial relationship from the beginning to facilitate a more pleasant and efficient interaction.

• 6. Opt for a reliable real estate agency

Using a specialized real estate agent is usually the best tactic.

These experts have a wide network of contacts, advanced marketing resources and the experience required to find the ideal tenant.

Manage your rental with KM2 Real Estate Services

At KM2 Real Estate Services we understand how important it is for landlords to find the perfect tenant for their apartment.

That’s why we want to help you from start to finish, advising you and taking care of all the required formalities.

Our experts:

• Hand over the keys.
• They will settle the deposits.
• They will prepare the property.
• They will analyze the solvency of the interested parties by means of Garantify and executive of accounts.
• Manage incidents and replacement maintenance with specific control software.

Do you want more information? Do not hesitate to contact one of our agents or visit us at any of our real estate agencies in Barcelona and Madrid.