We just posted an advertisement for a 2 bedroom condominium available for rent. An older woman called to say she is looking for a place for her son. We asked for her son’s age … she said he’s 45 years old. Red flag! Over the years, we’ve had several calls from parents looking for a […]
Posts with the how to qualify tenants tag
When Prospective #Tenant Wants to Move In Quickly … #tenantscreening
We have a one bedroom condominium for rent. The current tenant gave notice about 3 weeks ago. We always require 60 days notice so that we can minimize loss of rent when we have tenant turnover. We advertise using Zillow and Craigslist. It is extremely important to thoroughly screen prospective tenants! Your tenant evaluation criteria […]
#TenantScreening — Bait & Switch! #tenant #tenants
For the first time in our real estate investing career, we encountered a bait & switch ruse. Here is what happened … We began advertising a 3 bedroom townhouse for rent. Our first phone call was from an elderly woman in her late 60s. Her initials were AP. AP said her retirement income was $6500 […]
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 […]