Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

36
Posts
12
Votes
Pinaki M.
  • Little Rock, AR
12
Votes |
36
Posts

How to screen small (micro) business tenants?

Pinaki M.
  • Little Rock, AR
Posted

I own a small commercial building. The units are suitable for very small businesses, like small office, hair salon, etc. I recently had a bad experience with a tenant (always late with their rent payment and finally left with some rent unpaid), but to be honest, I didn't really do any sort of screening on them before they had moved in. So, I would like to know what are some ways I can screen such tenants.

I'm guessing many people will suggest looking at numbers showing how their business is performing. While I agree with this, keep in mind that most of these businesses that would look for space in that area would be small sole proprietor type business, likely serving the lower income population and doing cash transactions. Or many are just starting out.  So I doubt how many of them can furnish things like income statement or other records.

Given this, what are some things I should still look for, or what are some questions I should ask them?

Thanks in advance.

Loading replies...