You are in charge now. You call yourself “the boss.” You are the landlord. Your first order of business is what? You must collect information from your tenants, as you will need to be able to contact them at some point.

Every single time you talk to your tenants, smile. Never, ever forget to smile.

Collecting tenant information is a smooth process that you do not need to stress about. Always remember that you are in charge, and that you are the boss. However, although you are in charge, it does not mean you must be a jerk. Remember the three F’s: be firm, friendly, and fair.

Carry confidence in your voice and stand erect. Landlords who lack confidence or who are easily intimidated will not find themselves in the right career path; tenants will think they can walk all over you.

Everybody likes to follow a knowledgeable leader who has things under control. You want your tenants to trust and rely on you; act as if they can. Oh, and be sure to smile.

Asking them for their information is easy. Just ask them. That is all there is to it. Sometimes, you will have a tenant who seems very suspicious, as if he thinks you have some ulterior motive for getting his information. For these paranoid types, gently explain the reasons why you need their information. They should understand.

You can ask them if they would like to be told about a creep outside their window or a fire when asking for their cell phone numbers or work numbers.

Let them know that their social security numbers are needed so that you can report their excellent, on-time payments. This information you will need, too, in case you want to check your credit (you should). Also, be sure you are smiling.

You can always tell suspicious tenants that the information is safe with you, and that you will do everything you can to keep their information confidential. You must not share or sell their information to anyone.

If you simply cannot get the information out of the tenant, then stop. Do not worry about it. There are some battles in life you should pick to fight, and this is not one of them.

Instead, ask the previous landlord, check with the city, etc. It is better to find your information from elsewhere, and this should not be a difficult task.

Once you have all their information, store it away in a safe place. That was pretty easy, right?

Cody Scholberg, a recognized expert of landlording, writes for the Commercial Property Management Guide, an excellent source of landlording information. Check out this short checklist for choosing good tenants.


  • Offering a Rent-to-Own Option From a Seller’s Standpoint - If you’re trying to sell your home in this economy, you probably know that finding a buyer who wants to pay full asking price will be difficult. In most cases, it seems like today is a buyer’s market, where terms can be dictated to a seller. Among all the foreclosures, as well, buyers can have ...
     
  • Low Prices And Low Interest Rates Create The Best Time To Buy Investment Real Estate In Santa Ana, CA - Interest rates and real estate prices have not been this low together in over 50 years. After the zillion megaton explosion of the real estate bubble, prices have dropped to all time lows and bargains abound. It does not take a genius to see that right now cash is king and if you have a ...
     
  • Protecting Tenants From Foreclosure - As a direct result of the collapse of the real estate market and the resulting bank foreclosures on hundreds of thousands of residential rental properties, often, tenants residing as leaseholders in residential properties become collateral victims and are forced to vacate their leaseholds, often with minimal notice. ...