Rental Property Investor · Phila, PA · Member since 2018 · 554 posts · 118 votes
- Only Post if you own more than 2 Class “ C “ rental properties
- For the tenants that apply without section 8 voucher, how do you process their applications?
- I often find them asking, what’s the process and I hate just explaining it over and over. I am thinking of handing out a paper, that simply explains the criteria we search for..
Zero evictions, stable work and rental history, no 'bad' criminal history (drugs, violence, fraud, etc), no unpaid utility or landlord stuff. Must have a bank account. No smokers. Pet friendly.
I created a phone tree that makes them answer a series of prequal questions (press 1 if you have ever been evicted, press 2 if not, etc) and only connects them thru if they pass. I am in software so used twilio and a script I wrote.
Then all adults need to undergo the credit and background check and show ID at the showing.
I do keep my units very clean, and set rents a smidge lower than a comparable on the market to attract the best tenants.
Basically since I am self managing I want zero drama and good long term tenants.
Zero evictions, stable work and rental history, no 'bad' criminal history (drugs, violence, fraud, etc), no unpaid utility or landlord stuff. Must have a bank account. No smokers. Pet friendly.
I created a phone tree that makes them answer a series of prequal questions (press 1 if you have ever been evicted, press 2 if not, etc) and only connects them thru if they pass. I am in software so used twilio and a script I wrote.
Then all adults need to undergo the credit and background check and show ID at the showing.
I do keep my units very clean, and set rents a smidge lower than a comparable on the market to attract the best tenants.
Basically since I am self managing I want zero drama and good long term tenants.
Zero evictions, stable work and rental history, no 'bad' criminal history (drugs, violence, fraud, etc), no unpaid utility or landlord stuff. Must have a bank account. No smokers. Pet friendly.
I created a phone tree that makes them answer a series of prequal questions (press 1 if you have ever been evicted, press 2 if not, etc) and only connects them thru if they pass. I am in software so used twilio and a script I wrote.
Then all adults need to undergo the credit and background check and show ID at the showing.
I do keep my units very clean, and set rents a smidge lower than a comparable on the market to attract the best
tenants.
Basically since I am self managing I want zero drama and good long term tenants.
i love this, however, i dont wish to drop my rental prices.
Originally posted by @Cameron Riley: Originally posted by @Account Closed:
I own several in class C/B-.
Zero evictions, stable work and rental history, no 'bad' criminal history (drugs, violence, fraud, etc), no unpaid utility or landlord stuff. Must have a bank account. No smokers. Pet friendly.
I created a phone tree that makes them answer a series of prequal questions (press 1 if you have ever been evicted, press 2 if not, etc) and only connects them thru if they pass. I am in software so used twilio and a script I wrote.
Then all adults need to undergo the credit and background check and show ID at the showing.
I do keep my units very clean, and set rents a smidge lower than a comparable on the market to attract the best
tenants.
Basically since I am self managing I want zero drama and good long term tenants.
i love this, however, i dont wish to drop my rental prices.
how much per application do you charge
I dont charge any, but they do pay mysmartmove directly for the bg/credit check, I think its $40/adult
I have the same criteria . although i will say in special cases a felony that was done in their youth and non violent I may consider . You have to be a good judge of character and develop the ability to “ size people up” in a short amount of time . That to me is just as important as what’s on a application .