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!
Monday, October 29, 2012
Monday, October 1, 2012
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.
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.
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