Tenant screening is one of the smartest steps to make your property management experience as headache-free as possible—and protect your investments. Here are some things to keep in mind: Certain qualities you should seek usually indicate top-notch renters, as well as indicators that an ...
Income is vital to being able to pay rent on time, so proof of steady income and ongoing employment should be something landlords check for on a rental application. Seeing that the renters make adequate money to pay the rent and are able to do so on time each month is imperative to ensu...
Disclosing all necessary information in the body of the advertisement helps you initially-screen renters and save time. If you have small closets, be honest about it, so you don’t waste time showing the property to someone who needs ample storage space. Since many renters are pet owners, ...
Landlords are among the leading credit grantors in the country, yet they have been very lax in using the credit tools available to them. If you screen your tenant/buyers properly, it will be virtually guaranteed that you won't have any problems with them. As the landlord/seller, your two...
A landlord reference letter is a normal part of the rental application process, providing landlords with an additional way to screen prospective tenants while allowing renters to strengthen their applications. A good recommendation doesn’t take much time, but it should include important informati...
The largest rental deposit you can charge is usually 2-2.5X monthly rent. Please check with your local state/country. Personally, I try to ask for two months rent as a deposit. Something always gets damaged by renters for some reason. From chipped countertops to holes in walls, I'm not...
When you draft it, be sure to include information about the size of the room, the amenities you offer, and the rental price. Screen Potential Tenants When you start receiving inquiries about your room, it’s crucial to screen potential tenants to ensure that they are a good fit for your ...
Considering Facebook rental marketplace is a free resource, and it doesn’t take a huge amount of time or effort to set up your listing, anybody with a unit for rent not using this tool is missing out on a large number of potential renters. Is Facebook Marketplace a Good Option for ...
Discover 10 easy methods for renters to provide proof of income on rental applications, ensuring landlord confidence in their financial stability. Blog 7 min read Important Things To Screen For When Going Over a Rental Application Scrutinize rental applications for past residences, eviction records, em...
Tenant Placement Fee- This is the fee some property management companies charge to market a vacant property or unit, screen potential tenants, prepare a lease or rental agreement, and initiate move-in procedures. This fee usually is half a month's rent to a full month's rent. ...