Posts made in May, 2015

First Time Landlords? 3 Tips For Avoiding Problem Tenants

You’ve decided to invest in rental property. Now it’s time to make sure that you get the right type of tenants. You could place ads in the local newspaper, but that could open you up to some serious problems. Choosing the right tenants can be stressful and time-consuming. Here are a few things to look for when considering potential tenants.

Insufficient References

Personal references are the quickest way to weed out undesirable tenants. When you’re renting out your property, be sure to ask for at least three references. The inability to provide references may be a red flag that you should dig deeper. Failure to include at least one previous landlord as a reference may also be a red flag. To gain a better picture of the people who are applying for your property, you should look for references from the following types of people:

  • Former employers

  • Former landlords

  • Former co-workers

Bad Credit

While bad credit doesn’t automatically mean a person will be a bad tenant, it does mean that you should take a closer look. Bad credit such as late pay on bills may merely signify that the applicant hit a rough patch at some point in their life.

However, if their credit report shows late pays on rent, evictions, or collection accounts for utility bills, you might want to consider a different tenant. It’s a good idea to allow prospective tenants the opportunity to explain their credit problems.

Questionable Employment History

Applicants who are unable or unwilling to provide a complete employment history may not be the best suited tenants for you. When asking for employment verification, you should request the most current paystubs. If you have concerns about their employment, it’s best to ask for original paystubs since copies can be altered.

Applicants that are self-employed may not have paystubs. That doesn’t mean you should avoid renting to someone who is self-employed. There are ways to confirm income from self-employment. For instance, you can request previous tax returns and 1099 tax forms. Current bank statements will also verify the amount of income that is deposited each month.

Now that you own rental property, you want to make sure that you get the best tenants. Using these simple guidelines will help you weed out the questionable applicants. If you have problems finding acceptable applicants, you might want to consider hiring a property management company. They will be able to take care of the application process, including background and credit checks. For more information, contact a business such as Harland Property Management.

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5 Good Reasons Your Business Should Use A Staffing Agency

Are you working on expanding your business? Are you so busy with clients that you’re having a hard time screening potential employees and setting up interviews? If this sounds like you, then hiring a staffing agency may be just what you need. Here are some important reasons to use staffing agencies:

Time is Money 

If you’re like many business owners, you’ve probably spent hours poring over the applications and resumes of people who are entirely unsuited to the positions you have available. Once you think you’ve found someone, they may show up at the interview in unprofessional attire or they may not show up at all. Staffing agencies will weed out all these unsuitable candidates, allowing to focus on other things. Instead of reading resumes, you could be signing contracts with a new client or finishing a project for an existing client.

Pool of Employees 

Do you need someone immediately? If you have employees leave abruptly, for illness or other reasons, you can quickly become swamped without that extra person or people. Staffing agencies often keep lists of candidates who are qualified for certain types of positions. Instead of spending weeks waiting for the right person to notice that you’re hiring, you could have a new employee as soon as the next day. 

Staffing Agencies Can Be Anonymous 

For a variety of reasons, you may not want your clients or your rivals to know that you’re hiring more staff. A staffing agency will place the relevant employment ads and handle the interview process in their name. Only after the candidates have made it through whole process will your business name be mentioned. 

They Handle Taxes 

Taxes can be a complicated subject for many business owners. If you don’t withhold the correct amount from your employees’ checks, you may be forced to deal with irate employees or a displeased IRS. With staffing agencies, you pay them and then they handle paying the employee. You don’t have to worry about whether you’re paying your employees correctly, since the staffing agency handles that for you. This can greatly simplify your end of year bookkeeping.

Good for Temporary Employees 

Do you have a seasonal business? Perhaps you aren’t quite sure whether you even need any extra employees or not. Staffing agencies allow you to more easily figure out your business’s needs by hiring temporary employees. If you decide to keep them on, you can hire them later. If it turns out that you didn’t need them after all, there’s no confusion over how long the term of employment was to be for.

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I love Italian Food, I grew up with a mother who would make her own pasta and taught me how to cook correctly. My husband Benjamin on the other hand, loves Mexican. While many would argue that Spanish and Italian are similar when it comes to language, when it comes to food it's a whole different story. I like things that he considers “bland” and he likes things I think should be thrown away. Like any couple we decided to start competing to see who made the best food. Our neighbors have not only taken sides, but have encouraged us to start a restaurant for the indecisive couples. I'm learning all about businesses here and popular solutions to problems.

May 2015
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