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Rental Owner Updates - April 29, 2024

Screening Beyond the Application

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Dear Jeffrey,

We have sent you the latest edition of our RENTAL OWNER UPDATES which includes tips and resources for landlords, investors and managers who visit our site or who have used or inquired about our low-cost ($9.95), nationwide tenant screening services.

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IN THIS UPDATE:

* Screening Beyond the Application

* More Convention Speakers Announced

* Cigarette Smoke Smell

SCREENING BEYOND THE APPLICATION


A new landlord wanted input from other landlords on screening. She posted the following question on our popular Q&A Forum: How much more do you do beyond the Zillow application to check someone out?


The following school-of-hard-knocks advice was offered by one of the successful landlords and contributors on our forum.


"Do not accept Zillow's application. Send the applicant your own application. I have no idea what you can ask in [the state of] MA. Ask everything that you are not prohibited in asking. Then, verify everything. We do not take an applicant's word for anything at all.


We don't accept paycheck stubs. We call the current and former places of employment (not the number the applicant has supplied, but the number we find on the internet) and ask our questions.


Same for current and previous landlord reference. We find the apartment complex or real estate office and call the main number we can verify.


We call the vet to verify the animals are what the applicants say they are. That they are spayed or neutered, are current on all shots, and have never bitten anyone.


We use the credit/criminal check company which is a sponsor of this site (TenantCreditChecks.com). You will need a Social Security # and Drivers License #.


We visit the applicant's current home for a 2-minute, in-home visit. How the applicant's current home looks like will be what our home will look like 2 months after the applicant moves in.


Have a default mind set that an applicant is denied unless they meet your standards. Do not try and "work with" an applicant who is deficient in an area of your screening.


Every time we have ever deviated from our procedures, it has turned out poorly for us and we lost thousands of dollars, not to mention all the wasted time and stress.


Go slowly, learn, and then when you advertise you will be setting your business up for success. All the best!" 


Thanks Renee (TX) for sharing your advice. See the full discussion and more advice offered by other landlords on screening tips beyond the application.


Agree or Disagree? Share your thoughts. We welcome your feedback or any landlording tip you would like to share. Email editor@MrLandlord.com

MORE CONVENTION SPEAKERS ANNOUNCED!


Last week we sent out the first announcement of speakers for our upcoming Convention. We have just posted and announced additional instructors, which now almost doubles the number of outstanding instructors who will be teaching at this year's Landlord Convention. Click now to see the entire line-up of guest instructors and the numerous topics they will cover to help you Upgrade Your Cash Flow!

CIGARETTE SMOKE SMELL


A question often asked by landlords: How do you remove cigarette smoke odor before putting on market to rent? Several landlords share their suggestions and experiences in a discussion of getting rid of the odor, including one recommended product called OdorXit. At our Convention, OdorXit will be one of several products and services helpful to rental property owners.

Join us in June to learn the latest ideas on how to renovate and Upgrade your Cashflow!

Stay in control and always make the most of the assets God gives you!

 

Jeffrey Taylor

Founder@MrLandlord.com  

P.S. Call now to register for our upcoming Upgrade Your Cash Flow Convention so that you can still take advantage of the early bird $100 discount, call 1-800-950-2250 or go to LandlordConvention.com for more info.


P.P.S. If you or your company has a product or service to offer landlords, click here for information about being a Convention Sponsor.

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