Finally to the plunge!
I just closed escrow on my first two SFR that I am turning into rentals. After 4-5 years of analysis paralysis, I finally took the advice I read and heard on BP and the BP podcasts. You learn more by doing. So now I am doing. I have joined the AOA (Apartment Owners Association of California) to gain additional support. Now that I have all these people calling, what advice do you have when it comes to screening tenants prior to the application? My first instinct is that if I can't hold a conversation because their speech is so bad (non-language barrier) I should automatically disqualify them based on a phone conversation. The second thing is to make sure they meet my income requirement, credit checks etc. Any advice with tenant screening would be appreciated.