How to handle a phone call from a potential renter

First, find out what the prospective renters needs are. How many bedrooms will they need and what is their price range. If you do not have anything that will meet their needs than there is no need to continue any further.

Next, once you have determined you can help them I like to let them know about our application process. We have an application to be filled out by each adult (anyone over the age of 18), and the cost to run the background check is $30 per each adult.Yes, $30 each person!Then I like to tell them about what our rental requirements are: No Evictions, No felonies and that the household earns three times the amount of the rent.
Then I like to ask "Is any of that a problem for you?" and wait for their response. You will be surprised what information you they will offer up.

This is a good way to weed out the bad ones just because if they have something in their background a lot of times they won't bother going through the application process.

If your prospective renter does not have any objections to the process then it is time to set up the appointment and turn your applicant into a renter!

5 tips to pick good tenants and stay out of court

1. Put Everything in writing! Just because your new tenant is your best friend's brother in law, does not mean that you should not have a written agreement in place. An oral agreement means nothing and does nothing to protect you legally. Get it in writing!

2. Screen your tenants carefully! You want to make sure and run a credit report. If they can't pay other bills on time what makes you think you will get your rent every month. Verify employment (enough said) and check references from current and previous landlord's.

3.Make sure your potential resident has sufficient income. The last thing you want to do is set them up to fail. If they do not make at least 3 times the monthly rent in income you may need to reconsider renting to them.

4.Educate your resident from the very start as what your expectations are to avoid any miscommunications later on.

5.Check out your tenant's criminal history. This should be a no brainer.Past behaviors are often an indication of future behavior.

Do you or Don't you?

Do you want to be a landlord or don't you? That is the question! Being a landlord is not for the faint of heart that is for sure. Do you have what it takes to be one? You might want to consider these questions.

Are you a people person? Do you have the personality to handle problems, complaints and maintenance requests in a calm, rational manner?

Are you good at prioritizing?

Are you a problem solver?

Are you good with accounting and getting the bills paid on time?

Are you a Mr. Or Ms. Fix-it?

Can you handle those inevitable lock out calls or the 3a.m. plumbing emergency?

Are you willing to run out and show a house on the weekend?

Are you prepared to enforce your rental policies?

Are you consistent with your policies from tenant to tenant?

These are some of the things you should ask yourself before you decide to be a property manager. If you decide property management is not you cup of tea, but would still like to reap the rewards of real estate investment that is where we come in. We have a team of competent professionals ready to take on the task! We have systems in place to ensure all of your needs will be taken care of, that include: setting up your file,marketing your rental,fielding calls about your rental, screening tenants, tenant move-ins, maintenance calls and the list goes on! We take care of property owners that live out of state and even half way around the world. We have a proven system and will handle it all!

--For more information please contact Pat Keefe, Broker at InternetAgents.us (937) 750-0070 daytonmanagement@gmail.com internetagents.us.com

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