Tenant selection (by Rchap [GA]) Sep 18, 2017 9:56 AM
Tenant selection (by AllyM [NJ]) Sep 18, 2017 10:04 AM
Tenant selection (by Moshe [CA]) Sep 18, 2017 10:12 AM
Tenant selection (by Ken [NY]) Sep 18, 2017 10:20 AM
Tenant selection (by RathdrumGal [ID]) Sep 18, 2017 10:48 AM
Tenant selection (by WMH [NC]) Sep 18, 2017 10:49 AM
Tenant selection (by Ranchap [GA]) Sep 18, 2017 10:54 AM
Tenant selection (by LisaFL [FL]) Sep 18, 2017 11:22 AM
Tenant selection (by LisaFL [FL]) Sep 18, 2017 11:24 AM
Tenant selection (by Oregon Woodsmoke [OR]) Sep 18, 2017 12:22 PM
Tenant selection (by RB [MI]) Sep 18, 2017 1:30 PM
Tenant selection (by WMH [NC]) Sep 18, 2017 1:42 PM
Tenant selection (by Vee [OH]) Sep 18, 2017 5:12 PM
Tenant selection (by LindaJ [NY]) Sep 18, 2017 6:35 PM
Tenant selection (by Rchap [GA]) Posted on: Sep 18, 2017 9:56 AM Message:
I need help in how to select the best tenant. When I put an ad I receive many inquiries and many are not the best applicants initially. I always feel that if I had waited a better tenant would apply but I also want to be fair to all applicants. How do I deny a marginal applicant in hopes that a better tenant will come along later?
--71.30.xx.xxx |
Tenant selection (by AllyM [NJ]) Posted on: Sep 18, 2017 10:04 AM Message:
Have a set list of rules about how much money they have to be making etc. and then you will be able to immediately ask questions that give you the information you want.
It's not easy to wade through a bunch of people. I let all calls go to my answering machine so I can hear sounds in the background or asses the person's attitude. Angry loud people don't get a call back.
Others will give you ideas also. It helps to be psychic. --73.33.xxx.xxx |
Tenant selection (by Moshe [CA]) Posted on: Sep 18, 2017 10:12 AM Message:
" How do I deny a marginal applicant in hopes that a better tenant will come along later? "
Just say "NO".
--47.139.xx.xxx |
Tenant selection (by Ken [NY]) Posted on: Sep 18, 2017 10:20 AM Message:
Don't worry about being fair,do what is best for you.I just don't call them back if I don't want to accept them --72.231.xxx.xxx |
Tenant selection (by RathdrumGal [ID]) Posted on: Sep 18, 2017 10:48 AM Message:
Unfortunately, I am not psychic, so we rely on a different strategy.
My strategy is to get the marginal/unqualified applicant to self screen themselves out. I write the best ad I can, with the best pictures to generate interest in my vacancy. When I get a reply, I send a second email with my qualifications, total move-in monies and info on the app fees. So, for my $745/month apartment, I say, "This unit will require a minimum monthly income of $2250, and total move-in money will be $1490. There is a $35 per adult application fee. Other criteria include no past evictions, etc etc ". My goal is to get the non-qualified to decide not to waste their application fee since they realize they will not qualify. I ask the interested person to email or call me again if they are still interested after reading this second email. I only consider the people who contact me after the second email to be serious applicants.
We then schedule an open house showing for the serious applicants, expecting many no shows. We ask people attending the open house to bring government issued photo IDs and paycheck stubs. I bring a copier and applications right to the open house, and we collect app fees, and applications, copy ID and paycheck stubs at that time.
This process works well for us. --208.185.xxx.xx |
Tenant selection (by WMH [NC]) Posted on: Sep 18, 2017 10:49 AM Message:
Before they get my phone number, everyone goes to my website and fills out my "Preview Questions." 90% screen themselves out right there through income, non-neutered animals or self-confessed prior evictions or criminal activity. --173.22.xx.xx |
Tenant selection (by Ranchap [GA]) Posted on: Sep 18, 2017 10:54 AM Message:
Wmh - would you mind sharing your preview questions? This sounds like something I could benefit from. --71.30.xx.xxx |
Tenant selection (by LisaFL [FL]) Posted on: Sep 18, 2017 11:22 AM Message:
Do you have verifiable income of at least $$$$ ?
How many people will be occupying the unit?
How many people are smokers?
How many animals do you have, list type, age and breed to include household pets, service animals, caged animals or any outdoor animals such as chickens?
What is your expected move-in date?
Move in costs are $$$$, are you prepared to pay all move in costs at this time?
Those with a history of evictions or domestic violence will not be approved. Credit history need not be perfect but must show a general pattern of responsible credit use.
What questions do you have? --173.170.xxx.xxx |
Tenant selection (by LisaFL [FL]) Posted on: Sep 18, 2017 11:24 AM Message:
I forgot one:
Have you driven by the home or are you familiar with the area to insure it meets your needs?
(That question has eliminated no shows) --173.170.xxx.xxx |
Tenant selection (by Oregon Woodsmoke [OR]) Posted on: Sep 18, 2017 12:22 PM Message:
To protect yourself, your rental criteria should be in writing and be applied equally and fairly to every applicant. Decide what you want in a tenant, write your criteria to eliminate marginal applicants.
Have the written criteria on site and require applicants to read it. That eliminates some of them and the marginal ones who apply, you reject because they didn't meet the written criteria.
My rental application states that they were shown the criteria before they applied. That stops possible complaints.
Note for those of you in Oregon. Oregon law requires that a copy of the criteria be given out when you give the application. My criteria was 6 pages long, but I got it down to 4 pages by using tiny print. Saves printing costs since I end up handing out 30-40 copies every time I have a vacancy. --70.199.xxx.xxx |
Tenant selection (by RB [MI]) Posted on: Sep 18, 2017 1:30 PM Message:
When is the last time you heard (confirmed)
that a psychic won the Lottery ?
Horse Feathers ! --71.13.xx.xxx |
Tenant selection (by WMH [NC]) Posted on: Sep 18, 2017 1:42 PM Message:
This is not the same format I am using now, but this is the gist of the questions on my Google Form:
Name and birth year:
Cell Phone:
Email Address:
Have you ever been evicted or asked to leave a rental unit? Tell us about it.
Any criminal history? Tell us about it.
All Other Proposed Occupants (Names, Birth dates and Relationship)
Tell us about them, too! Their jobs, etc.
Animal Names and Ages:
Types (Dog, Cat, etc):
Breed & Weight:
Sex:
Neutered/Spayed?
Where do you work?
How Long have you been there?
Net Monthly Income for you personally:
Net (after taxes) monthly family income:
Where do you live now?
How much rent are you currently paying?
How long have you lived there?
Why are you moving? --173.22.xx.xx |
Tenant selection (by Vee [OH]) Posted on: Sep 18, 2017 5:12 PM Message:
Actually you do have to be fair, have a written set of go-nogo that starts you process with a wanna be tenant, pets - smoking, those are my questions because that is what eats up a double rent value deposit and that is what I charge, pet breed has to fit my insurance which just went from 7 no-can-do breeds to 9, so get clarity from your insurance company or they may not represent you in a court scenario involving dog bites, debt to income ratio, income to rent ratio, proly best to visit a local investor group in your area and ask them how this-n-that local/state tenant laws work, you have already downloaded each of these correct? --76.188.xxx.xx |
Tenant selection (by LindaJ [NY]) Posted on: Sep 18, 2017 6:35 PM Message:
Life isn't fair. If I don't like something about the person inquiring, I find a reason to disqualify. If nothing else, I tell them there are a people who called before them and I am waiting to deal with them. I always tell the person that I will keep their information if things don't work out with the one before them.
Of course the hopes for a better applicant are just that- hopes.
--96.236.xx.xx |
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