Potential Tenant application

[Maxim K.]

Hello fellow Landlords

When looking for a tenant in the market with high demand for rentals . How do you let potential tenant know that you are not ready to commit to then as a tenant.

In other words what if tenant is ready to fill out application , credit/background check and sign a lease . BUT I’m would like to review several other applicants?

Thank you .

[Tracy Streich]

@Maxim K.

Just set a deadline for all applications to be in.   It does help to have a process.   You can get yourself into a fair housing jam if you do not have written process you stick to every time.   This is an on going discussion.   At our office we don't say first in gets it but we do say first qualified in gets the property.   Do they meet your criteria?  If so approve, if not deny and move on.   No middle ground.   Good Luck