How can I find reliable tenants

[Joseph Shin]

I am new in real estate world and I am currently looking deeper in FHA loans so that I can live "free". However I am not so sure how to find a good reliable tenant that pay on time. Thank you

[Robert Leonard]

Offer a nice place at a fair price. Look at your competition of similar properties make sure your price is right. Take good pictures with all the lights on and drapes/shades open so everything is well lit. Post your advertising where internet savvy renters shop for housing (usually craigslist and Postlets.com).

Screen like a professional. Require at least 3X rent in verifiable monthly income as minimum eligibility requirement to apply. Check employment, rental and criminal histories. Don't buy any secret income stories, like "I really make $XXXX but I only show $XXX because of _______!" If they have secret income, it's either made up or not collectible.

Take the time to find a well qualified person. If you get in a rush to fill your vacancy, you will probably take more risk on your tenant. Stay disciplined in your screening criteria and if your price is right, you'll find a good one!