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Pitfalls of Poor Tenant Screening Part 2

Most seasoned Landlords have been subjected to a similar scenario: a prospect shows up to view a property a2nd says they have first months rent, full deposit and need to move in right away due to some semi-believable story. It’s tough to pass up the money in hand when the market reflects a surplus of inventory. They seem like a nice couple, are not trying to negotiate, and you are tired of showing the unit, so you take the money straight to the bank and turn over keys. This is usually where the dream ends and the nightmare begins.

This used to happen more often years ago, when we didn’t have the power to search courthouse records 24/7 from our phones. However, you may be surprised to hear that it still happens a lot. People who “work the system”, grifters, scammers, con artists, deadbeats, shysters, whatever you call them, know how to play it to their benefit. They show up in nice clothes, speak kindly and with respect, praise the property, and can tell their story with so much drama it will leave you teary eyed.

Here’s a video of one example showing the condition of a property where the owner did very little to screen the prospect:

Please, please, please resist the urge. If they have to stay in a hotel for a day or two, you would be better served in the long run. Before you even start marketing your property for rent you should have a Charlotte property management set up so you don’t lose time setting them up once a tenant is ready to move. I am not here to sell you on one company over another. There are plenty of very good screening companies out there. I would suggest you find one that offers as many of the following services as possible:

Nationwide criminal search
Nationwide eviction search
Credit report
Social Security Number validation
Lien/Judgment search
Sex offender registry search (Nationwide, in case they did not register at previous address)
Employment verification
Landlord (more importantly previous Landlord) verification
Global Homeland security search

I will dig in deeper on the next installment.

Dubai UAE Properties

Why investors and property buyers are interested in Dubai property ?. The main thing to be considered are the economic, security and development of tourism. The government also supports investors by protecting property rights for foreigners. The government also grants the right to lease the property owned.

Dubai is a haven for investors. Owning property in Dubai as well as having a gold mine, many of the benefits that investors have gained, such as Dubai has an excellent track record of infrastructure and industry growth, Dubai also holds the record for executing the maximum number of large-scale projects every year, making it one of the biggest players in the real sector estate in the world. Even more surprising that Dubai has a tax-free delivery port so that overseas investors can gain additional benefits.

Another advantage that will be obtained by investors and property buyers in Dubai UAE Properties they can choose properties depending on the budget they have. Investors can choose to invest in towering buildings, buy best villas, apartments, townhouses, penthouses for sale and rent in Dubai or have an exotic island. No wonder the world’s top celebrities have all become property buyers in Dubai.

The economy in Dubai is so rapidly expanding that even local residents can own private property. They prefer to buy property rather than rent because the cost of rent in Dubai is very high. Dubai makes it easy for locals to own private property, there are much construction of a flat single bedroom to meet the needs of the locals. These apartments are not expensive, and can be purchased easily by working class people. The real estate boom in Dubai benefits not only investors but also real estate agents and brokers in Dubai. As the business grows, their income increases manifold. In other words Dubai is an income paradise for property and real estate businesses.

The ease of payment procedures granted by the Dubai government is favorable to investors and property buyers both local and overseas buyers. This procedure has made it easier for people who intend to buy property in Dubai. Payment for the purchase of property can be done in installments, making it easier for people with minimal finances to buy property. The easy availability of finance is another important reason why property in Dubai is growing rapidly.

Investors who have invested in the Dubai real estate market saw their investment grow rapidly. One can gain high returns on investments made in the real estate sector either by selling the property or by renting it out. In both cases, high return on investment can be expected. High yields are an important reason why many people build luxury homes in Dubai. If you have enough capital to own property in Dubai then immediately invest it for your prosperity in the future.

Furnished Villas in Dubai

The important thing that you should prepare before vacation is accommodation. The quality of accommodation depends on your budget and holiday destination. If you have much of money for a vacation then a luxury resting place for the family will not be a problem. One of the most special breaks when you are on vacation is Villa. You can search in the internet and find thousands of villas and owners of luxury apartments that offer their properties for short-term rental every day, weekly or monthly. In addition to the villa you can rent a hotel, but if you come on vacation with family will probably cost more, you must think twice. I just want to suggest that the rental villa as an alternative way of accommodation while on vacation. If we talk about a classy holiday for a beloved family and a villa as a resting place then the most appropriate choice is vacation to Dubai and stay at the villa offered there, you definitely agree, right?. Villas in Dubai offers many luxury and beauty of world-class architecture and furnished.

Villas in Dubai is well worth a place for a holiday. If you are interested please rent a luxury villa or apartment for the holidays. You can choose a villa with features like 5 star facilities, fast internet access, cable TV, DVD player, DVD library, home theater system, full kitchen, swimming pool, air conditioning, balcony, garden, floor plan, gym, sauna, a covered parking lot, full time staff, etc. You can see many photos of the villa or apartment on offer, and the price in case of three or more people makes more sense, taking into account the safety and comfort. Benefits offered Calculate the amount of money each person has from the family rather than having to pay for luxury hotel accommodation, surely we will still be amazed as soon as we realize that renting Villas in Dubai or luxury apartment are really greatest idea.

The best places for a visitor to choose a apartment or Villas in Dubai are:

  • Al Barari
  • Arabian Ranches
  • Downtown Dubai
  • Dubai Marina
  • Emirates Hills
  • Business Bay
  • Jumeirah Beach Residences
  • Jumeirah Golf Estates
  • Jumeirah Islands
  • Jumeirah Lake Towers
  • Jumeirah Park
  • Palm Jumeirah
  • Emirates Living (The Springs, The Meadows, The Lakes)
  • Victory Heights

Are you thinking seriously about renting a villa or apartment in Dubai now?. You can fill out an on-line reservation form from many agencies you can find on the internet, or you can contact the property owner directly to avoid commissions that usually charge you. For those who will do it for the first time, I have to inform you that usually the property representative (maybe the property owner) will meet you when you arrive at the villa to greet you and introduce you to the facility. So do not think about it anymore, go for it!