Who are the Folks That Makes an Ideal Tenant?

Finding the right tenant is a common challenge that most property managers encounters at one point or another in their life. The following bits and pieces of information in this article will allow you to have a better idea in picking the right or ideal tenant.

If you are a person that really likes to get serious or even know what it takes to be a successful property manager, then the tips contained in this article "How to Fail Managing Your Property" could be a great supplement to enhance your property management success.

So you have done your credit check with your prospective tenant ( you done it, right?) and now you're probably wondering what part of the demographics would make an ideal tenant?

Generally there are Four (4) Population Strata or Groups where your prospective tenants will be coming from:

1. The Rich
- Generally own, not rent.
- Want homes that are too expensive.
- Will hire a lawyer to pick apart the lease.

2. The White Collar Worker-Wants To Be Rich.
- Doesn't possess the skills for performing routine maintenance.
- Doesn't usually have the tools.
- Wants to own and move as soon as possible.
- Subject to transfer.

3. The Poor
- 25% of population includes:
- Elderly
- Disabled
- Unmotivated Down-and-outers
- Job hoppers (See also Renting to Job Hopperts)
- Looking for bargain houses at bargain rents. (See also Negotiating Rent)
- Appeal to amateur investors.

4. The Skilled Blue Collar Worker - The Ideal Tenant
Includes:
- Plumbers
- Electricians
- Truck drivers
- Factory workers

The "Skilled Blue Collar Worker" are the stable Americans who keep the country glued together.

Why Blue Collar Workers Make Better Tenants?
- Get paid for what they do.
- Used to working with their hands.
- First to get hired.
- Willing to take any job if laid off.
- More prone to provide the routine maintenance required.
- Don't mind getting dirty.
- Getting the home they cannot afford to purchase.
- Will remain in the property longer.

Note: Make sure that you "do not" discriminate renting to individuals because of their race, religion or gender. Additionally, the information mentioned here are merely just a guide and purely educational.