As A Landlord: How to Get Reliable Tenants in Nigeria

Especially if your tenants keep frustrating you.

Renting out your property can be a rewarding way to generate steady income, but with great rewards comes great problems (lol). The wrong tenant could lead to years of unpaid rent, severe property damage, or worse still … legal battles. Here's ways you can secure better and reliable tenants that wont stress you much.

1. Cover Your House In Prayer

Stay with me,

If you’re an atheist you can skip this part and go straight to step two. But if you’re not, the first and most powerful thing you want to do is speak over your vacant property. Alright, alright, lets move to the next checklist.

2. Screen Applicants Thoroughly

As much as you can really.

Request identification and references, ask for government-issued IDs and references from previous landlords or workplace. This is critical to ensure you don’t collect what is bigger than you (if you know, you know).

3. Check Credit History

Before it becomes a case of 'just give me my moneyy'.

As important as giving your house out is being sure the tenant is able to afford your rent comfortably. Request bank statements or employment letters to ensure the tenant has steady income. A tenant whose monthly income is at least three times the rent is ideal.

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Bonus:

Renting out your property doesn’t have to be stressful if you take the right steps. Taking your time during the tenant selection process will save you from future headaches. With tools and platforms like Resavation (check out our website where you can list your vacant properties, get vetted and reliable tenants who wont hold down your rent), you can protect your property while maximizing your returns.

See you here next week. Hit the subscribe button now really and give this page a follow if you're feeling good.