Property Management Blog

The success of your rental home business largely depends on the kind of tenants who will occupy your home. KRS Holdings is a Portsmouth VA property management company which devotes a great deal of effort in searching for higher quality tenants. Through an intensive screening and thorough background check, a tenant applicant's financial history is investigated. Furthermore, an identity check is done to verify if the applicant has a criminal record or a pending case for litigation. An application fee is required for the screening process, which further confirms the tenant's interest in occupying the house. If references are provided, the company seeks information from the applicant's past landlords to gauge a good rental history. An effective property management company can provide your rental home with higher quality tenants. These are the kind of residents which will enable you to maximize the returns of your investment. They pay on time, unlike the bad tenants who play "hide and seek" whenever the rents are due. Your home will also be much taken care of, as there will be less wear and tear; eliminating the need for repetitive repairs. These people also have stable sources of income, so they will likely stay on a longer lease. And because of their positive disposition, higher quality tenants make the renting business lucrative.