The last thing a landlord wants to deal with is a risky tenant. For one, tenant turnover is extremely costly. The average cost of finding a new tenant is estimated at $2,500 for a single unit. Even worse is the prospect of evictions, legal proceedings and other expensive and time consuming frustrations. It’s a scenario that no landlord ever wants to face. If you’re looking to avoid these costly hassles, it’s important to screen out the high-risk applicants from the qualified ones. Read on to learn 4 ways to avoid high-risk tenants and protect your property—and yourself.
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