Hello bigger pockets community! I am finally getting closer to acquiring my first property and I need help with getting a tenant rental application. I was wondering if anybody could help me with a possible templet or spare copy of theirs? Also, what screening tips and tricks could you give me for tenants? I need everything I could use or get for this upcoming battle. Thank you all!
@DuBois Othero Toy Brandon's book on Managing Rental Properties would be essential for you to read. You are asking for more basics than can be covered here.
The investors that I work with either go trough me, or they use a program called “turbo tenant”
Definitely check it out, as I’ve heard great things about them. You can post your apartment on there and it’ll share your listing through several different platforms & provide a rental application and screening for you.
Now as far as full background checks... I use a very informative app called ForeWarn.
Hope that helps!
Best of luck.
Thalia : )
@Bjorn Ahlblad I already read it. Perhaps I should read it again. Its been over a year
@Thalia Mena THANK YOU SO MUCH! Appreciate that so much!
@DuBois Othero Toy Absolutely!
For background/criminal/credit checks I recommend TransUnion Smart Move. It allows you to enter the prospective tenant's basic info and select the option if you or the prospective tenant will cover the cost. Then it sends them an email notification so they can verify their identity. You typically get results in 24 hours and it' provides a very detailed report.
@DuBois Othero Toy good luck as you screen your first tenant! Make sure you get great photos online as that is the best way to get your rental rented quickly. You can find a lot of great info here on BP about screening tenants, but I think the most important part is to treat everyone the same. Be unemotional and let the data do the talking. Set your minimum criteria and stick by them! With the recent land lord/tenant law changes, my criteria are tightening up!
@DuBois Othero Toy Congratulations!
I purchased my first investment property a year ago and I had same questions as you. Luckily, I was recommended to use Transunion MySmartMove and I think it was very straightforward. Aside from it, I highly recommend to ask for proof of funds- bank statements/credit card statements 6months to 1 year, W-2 and or copy of paystubs. Also, always verify employment - a call never hurts.