We have a 3 bedroom 2 bath townhouse available for rent. A 30-year old woman with 2 children applied to rent the townhouse on a Sunday evening. She has a $90,000 annual salary, a FICO score of 640, and a very good landlord reference from her previous landlord. We called her current supervisor and character […]
Posts with the tenant screening tag
When #Tenant Stops Paying #Rent … #tenantscreening
One of the most critical events that can occur to a landlord is when the tenant stops paying rent. In our opinion, it is very important to assess how serious the infraction. There are 3 levels of severity: Minor/Short-Term ( rent is a few days late) Moderate (rent is a few weeks late) Severe/Long-Term (rent […]
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When #Tenant Offers All Cash & Quick Move-In … #tenantscreening
Many years ago, when we were beginner real estate investors, we advertised a 1 bedroom condo for rent in the local newspaper. A woman with the initials VW called to make an appointment to see the condo. When she arrived, she told me she was in a situation where she had to move right away […]
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When #Tenant Offers to Improve #RentalProperty … Beware! #tenantscreening
We recently received 30 day notice to vacate from one of our tenants, so we have been actively screening prospective tenants. We received a call from a middle-aged gentleman who said he had allergies, and offered to pay for converting our carpeted flooring to hardwood floors. He hadn’t even visited the property to take a […]