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Classification and selection of tenants in residential real estate: a constructivist approach

    Manuel B. C. B. F. Fonseca Affiliation
    ; Fernando A. F. Ferreira Affiliation
    ; Wenchang Fang Affiliation
    ; Marjan S. Jalali Affiliation

Abstract

Choosing a tenant is a key issue in the housing rental market. Knowing, a priori, whether a tenant will pay the rent on time, be able to hold a good relationship with the neighbors or take care of the property (i.e. whether s/he will be a “good” tenant) is not a simple endeavor. It is crucial, however, as it can help save time, money and conflicts that can end up in court. This study aims to address this issue, through the integrated use of cognitive maps and the Decision EXpert (DEX) technique. Grounded on a constructivist logic, the study brought together a panel of experts with experience and knowledge in the residential rental market, in order to identify and articulate the criteria to be taken into account in the classification and selection of tenants. The results achieved show that the integration of these two methodologies (i.e. cognitive maps and DEX) can help increase our understanding of the decision problem at hand, and lead to more informed and potentially better tenant choices. Advantages and limitations of the framework are also discussed.

Keyword : decision making, real estate market, classification and selection of tenants, cognitive maps, decision EXpert (DEX)

How to Cite
Fonseca, M., Ferreira, F., Fang, W., & Jalali, M. (2018). Classification and selection of tenants in residential real estate: a constructivist approach. International Journal of Strategic Property Management, 22(1), 1-11. https://doi.org/10.3846/ijspm.2018.317
Published in Issue
Mar 16, 2018
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This work is licensed under a Creative Commons Attribution 4.0 International License.

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