All Forum Posts by: Jenifer Kynor

Jonathan, 

The best thing you can do is use a rental estimate report to see what others in your area are pricing their 3 bedroom/2.5 bathroom units. Do this before you lower the rent anymore. It could potentially be a seasonality issue. Many renters want to move well before the holidays or after they are over. This next month and a half is a difficult time for landlords. 

Another concern I have is, how are you marketing your property?  The best thing you can do is post your property to every major listing site. The more sites your property is on, the better! Finally, if the property is listed at the right price, you are marketing it like crazy and you still have no luck, maybe rethink your listing page. Do you think better pictures would help? How about a more detailed description? Try redoing your listing page and see if that helps at all. 

If you have any questions, please reach out! 

Good luck!

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Hi Ryan!

Great question! When running a screening report on tenants, I recommend doing a full background check, credit check, and eviction report on any applicant above the age of 18. 

In addition to running the screening report, on your online application request previous landlord's phone numbers as well as their number for their place of employment. Calling previous landlords and their boss can tell you a lot about the individual that the screening reports cannot.

Take advantage of the online and free resources available to you to screen tenants. I'll go ahead and reach directly out to you. 

Jenifer

Hi Peter, 

I think the number of collections could definitely be a red flag, but not always. My suggestion would be to ask for a clarification on the collection accounts. If they are aware of them and have paid or making payments, they will let you know! Sometimes there is good reasoning behind what happened and clarifying will better help you make your decision. 

If not, request a cosigner or move on! 

Good luck! 

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Hi Samuel!

I will go ahead and reach out to you. 

Hi Chad, 

There are free sites with online applications that you can customize. I have seen many more tenants lean towards this. This is because renters are generally tech savvy due to their age group. Also, I've seen many tenants fear paper applications with their personal information (ss#, address, etc) being in the hands of a stranger where it could be lost of stolen. It is also easier to fill out and submit!

If you have any questions regarding online applications, please reach out! 

Jenifer

Hi Samuel,

What features are you looking for in a property management software? 

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The most important thing is to be honest, so you can quickly earn your tenants trust. A respectful mutual relationship is key! If you can establish this, you'll thank yourself in the long run. 

Let them know you are the owner, conduct a very comprehensive screening, and use your best judgement. You should be just fine!