Investor · lehigh valley, PA · Member since 2014 · 242 posts · 23 votes
Does anyone actually go and visit prospective tenants at their current resident to see what kind of shape it is in and how well its taken care of? I started doing this if im not 100% sure about them. Some of them don't mind me going over and others look at me weird when I ask to visit them.
Did you ever visit a prospective tenant before and do you thinks it a good or bad idea?
Does anyone actually go and visit prospective tenants at their current resident to see what kind of shape it is in and how well its taken care of? I started doing this if im not 100% sure about them. Some of them don't mind me going over and others look at me weird when I ask to visit them.
Did you ever visit a prospective tenant before and do you thinks it a good or bad idea?
...
What's the state of their current home going to tell you anyway? ...
Always visit, unless the applicant is living too far away to travel there.
The state of their current home tells you the state you will find in your rental unit in a month or two or three if you let that applicant move in. If you see a mess, expect your unit to look a mess soon enough; if it's neat and tidy, well that's what you're hoping for!
Nobody gets into my properties without my manager or a paid investigator looking at their home first. Nevertheless, a tenant living in a beautiful, clean house can still sneak in pets and allow them to urinate on every floor in the house. A wife can still leave her husband and children behind, and the children can start carving their names in the doors. A pipe can still break in the house causing the tenant to panic, change locks on the doors, and take off in the middle of the month. After an $80,000 loss last year, I'm done. A few bad apples can destroy years of profit.