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All Forum Posts by: Dereck Olson

Dereck Olson has started 0 posts and replied 1 times.

Post: Prequalify possible applicants for my rental RentRedi

Dereck OlsonPosted
  • Rental Property Investor
  • St. Louis, MO
  • Posts 1
  • Votes 1

Hi Nicholas,  

Just a thought from the possible tenant's perspective, but filling out a prequalification form and/or providing personal information before they have even seen a place and know if they will be interested in living in the property might be a bit too much to ask. 

It may be worth letting them know about the prequalification requirements (credit score over xxx, salary above xx,ooo/year, etc.) in advance to weed people out. Once they have seen the property and are interested, the prequalification and background checks will do the rest of the work in weeding out undesirable tenants for you. 

If you are having a lot of interest and you are trying to avoid multiple showings that take up too much of your time. You could also consider an open house showing. 2-3 hours on a weekend may allow a number of the people who have called and are interested in the property, to come in and all have a look as their time allows. This may also create some competition for the space and urgency to get the documents back to you. You can also better explain the application process to them in person during their visits.