We are screening prospective tenants for a 4 bedroom 3.5 bath townhouse. A young couple with 2 children viewed the townhouse and liked it very much. As we began talking about their qualifications, they mentioned that she had delinquent student loans and he had no credit at all! To counter their poor credit, the couple […]
Posts with the tenants tag
3 Tips – Quick #Tenant Turnaround! #realestatetips #tenants
For landlords, managing the exit of a current tenant and finding a new tenant directly impacts the bottom line (i.e., cash flow). Over years of trial and error, we believe we have perfected the “tenant turnaround” process. For example, we have a 1 bedroom ground floor condo and we recently received notice from our tenant […]
When #Tenant Pays #Rent Late … #tenantscreening
When tenants start paying rent late, especially if it’s more than 1 week late, chances are they will never catch up. The very first time they are late paying the rent, you must charge them a late fee. You must set the tone early in the landlord-tenant relationship. Your goal is not to be friends […]
![[Photo Courtesy: www.flickr.com]](http://handsonrealestateinvesting.com/wp-content/uploads/2015/04/money2.jpg)
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 […]
![[Photo Courtesy: www.flickr.com]](http://handsonrealestateinvesting.com/wp-content/uploads/2016/04/download.jpg)
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 […]
8 Steps to Screen Prospective #Tenants … #tenantscreening
If you plan to hold your real estate investment for the long-term, you will want tenants who take good care of your property and pay the rent on time every month. For beginner real estate investors, one of the key factors driving your success is tenant screening. The wrong tenant can deplete your profits and […]
Screen Prospective #Tenants B4 They See #Rental? #tenantscreening
It may seem unfair to screen prospective tenants before allowing them to visit your rental property, however when you are managing multiple properties, time is a valuable commodity. We have learned the hard way by spending time and gas running back and forth between properties when the prospective tenant wasn’t serious or qualified. Another very […]