Have you ever wondered how to really find a renter who will stay long term and take care of your property?

There are questions that come up about preventing evictions and creating less stress for property owners. Today, we’re breaking down the steps for mastering screening so you can minimize risk, keep your rental income steady, and protect your investment.


Learn what to look for in bank statements and pay stubs


See why strict standards on screening really matter


Find out how communication can keep good renters longer

Key Takeaways

1. While evictions can never be fully prevented, strategic and thorough tenant screening is the best way to minimize the risk. Steps such as setting strict credit and income requirements, checking employment and rental history, and verifying documents (like pay stubs and bank statements) help ensure only quality tenants are approved.

2. Using objective, data-driven processes (like spreadsheets that weigh factors such as credit score, income, references, and rental history) ensures impartiality in tenant selection. This approach removes emotional biases and focuses solely on finding the most qualified resident for the property.

3. Establishing clear, firm screening criteria and consistently upholding these standards protects property owners from allowing risky tenants to slip through. Everything from deposit amounts to lease documents and insurance options should be set with risk mitigation in mind.

4. Once a tenant moves in, the owner's or property manager's role doesn't end. Ongoing, transparent communication helps ensure tenants understand lease terms, payment responsibilities, and the consequences of late payments or violations, helping foster a professional and accountable relationship.

5. Owners and managers should focus on the long-term value and performance of the property (the asset), rather than getting emotionally attached to individual tenancies or leases. Regular evaluation of tenant performance and property condition, and making tough renewal decisions, are crucial for long-term success.

Timestamped Overview

00:00 Tenant Screening: Key Financial Checks

04:57 Data-Driven Tenant Selection Process

09:57 Long-Term Property Management Essentials

11:57 Avoid Renters Who Disappear

16:17 Evaluate Before Renewing Tenancy

19:28 Peak Season Rent Decision Guidance

Learn more about RPM Luxury.

Subscribe to High End Homes Handled Right on Apple Podcasts, Spotify, and watch on YouTube.

Have you ever wondered how to really find a renter who will stay long term and take care of your property?
There are questions that come up about preventing evictions and creating less stress for property owners. Today, we&rsquo;re breaking down the steps for mastering screening so you can minimize risk, keep your rental income steady, and protect your investment.
<ul>
<li>
Learn what to look for in bank statements and pay stubs
</li>
<li>
See why strict standards on screening really matter
</li>
<li>
Find out how communication can keep good renters longer
</li>
</ul>
Key Takeaways
1. While evictions can never be fully prevented, strategic and thorough tenant screening is the best way to minimize the risk. Steps such as setting strict credit and income requirements, checking employment and rental history, and verifying documents (like pay stubs and bank statements) help ensure only quality tenants are approved.
2.&nbsp;Using objective, data-driven processes (like spreadsheets that weigh factors such as credit score, income, references, and rental history) ensures impartiality in tenant selection. This approach removes emotional biases and focuses solely on finding the most qualified resident for the property.
3. Establishing clear, firm screening criteria and consistently upholding these standards protects property owners from allowing risky tenants to slip through. Everything from deposit amounts to lease documents and insurance options should be set with risk mitigation in mind.
4. Once a tenant moves in, the owner's or property manager's role doesn't end. Ongoing, transparent communication helps ensure tenants understand lease terms, payment responsibilities, and the consequences of late payments or violations, helping foster a professional and accountable relationship.
5.&nbsp;Owners and managers should focus on the long-term value and performance of the property (the asset), rather than getting emotionally attached to individual tenancies or leases. Regular evaluation of tenant performance and property condition, and making tough renewal decisions, are crucial for long-term success.
Timestamped Overview
00:00 Tenant Screening: Key Financial Checks
04:57 Data-Driven Tenant Selection Process
09:57 Long-Term Property Management Essentials
11:57 Avoid Renters Who Disappear
16:17 Evaluate Before Renewing Tenancy
19:28 Peak Season Rent Decision Guidance
Learn more about <a href="https://www.rpmluxury.com/">RPM Luxury</a>.
Subscribe to High End Homes Handled Right on <a href="https://podcasts.apple.com/us/podcast/high-end-homes-handled-right/id1735739445">Apple Podcasts</a>, <a href="https://open.spotify.com/show/6ZxDbAKoKUFNDykidB4fsE?si=74a1eb7d9dd64e29">Spotify</a>, and watch on <a href="http://www.youtube.com/@RPMLuxury">YouTube</a>.

High End Homes Handled Right is a podcast dedicated to helping listeners learn how to successfully invest in and manage luxury properties. Hosted by experienced property manager Lyndel Johnson, each episode aims to both entertain and educate. 

Johnson and his expert guests dive deep into the world of high-end real estate, sharing actionable tips and strategies for maximizing returns on investment properties. From analyzing what works and what doesn't, to touring exceptional properties, this podcast equips listeners with the tools they need to avoid pitfalls and excel at managing upscale homes.

Whether you're a current luxury homeowner or an aspiring investor, High End Homes Handled Right promises to be an engaging and invaluable resource. Tune in to gain a competitive edge in the world of premium property investment and management.

High End Homes Handled Right is a podcast dedicated to helping listeners learn how to successfully invest in and manage luxury properties. Hosted by experienced property manager Lyndel Johnson, each episode aims to both entertain and educate. 
Johnson and his expert guests dive deep into the world of high-end real estate, sharing actionable tips and strategies for maximizing returns on investment properties. From analyzing what works and what doesn't, to touring exceptional properties, this podcast equips listeners with the tools they need to avoid pitfalls and excel at managing upscale homes.
Whether you're a current luxury homeowner or an aspiring investor, High End Homes Handled Right promises to be an engaging and invaluable resource. Tune in to gain a competitive edge in the world of premium property investment and management.

High End Homes Handled Right

High End Homes Handled Right is a podcast dedicated to helping listeners learn how to successfully invest in and manage luxury properties. Hosted by experienced property manager Lyndel Johnson, each episode aims to both entertain and educate. 
Johnson and his expert guests dive deep into the world of high-end real estate, sharing actionable tips and strategies for maximizing returns on investment properties. From analyzing what works and what doesn't, to touring exceptional properties, this podcast equips listeners with the tools they need to avoid pitfalls and excel at managing upscale homes.
Whether you're a current luxury homeowner or an aspiring investor, High End Homes Handled Right promises to be an engaging and invaluable resource. Tune in to gain a competitive edge in the world of premium property investment and management.