Sometimes you may receive multiple offers on your rental property. While it is always nice to get the most rent for your property, do not underestimate the importance of selecting good quality tenants. You should review offers to rent your property holistically, keeping in mind the following:

• The amount of rent offered
• The conditions of the lease
• The employment history of the tenant(s) (e.g. do they have a stable job?)
• The financial history of the tenant(s) (e.g. is their credit check satisfactory?)
• The rental history of the tenant(s) (e.g. do they move around a lot or tend to stay in one place?)
• The feedback from the tenant’s references/previous landlords

If you take the time to review all offers, properly vet potential tenants, and then select the best quality tenant, you will avoid many headaches down the road.