All Forum Posts by: Pete Woelfel

Thanks @Marcus Auerbach!  I've seen the same with people who take a paper app and say they'll email it later.  Have yet to actually receive one back.

Very much appreciated - thanks @Matt Maurice!

I'm curious where the rest of you fall in terms of charging application fees on open units.  In the past, I have allowed tenants to apply for free.  After selecting my top candidate I have them complete a background/credit check online.  They pay the website $40/per adult on the lease for this, I make nothing (which I'm fine with).

If you've used up front application fees have you:

1) Felt like you've lost out on potential tenants who don't want to pay the money just to potentially be denied?

2) Felt like your management has been more efficient because you aren't spending time corresponding with/showing the unit to unqualified parties?

Zillow does an up front $29 application charge that includes a background/credit check - has anyone used that?

@Marcus Auerbach and @Matt Maurice would very much appreciate hearing your thoughts if you're willing to share.

Looking forward to it - thanks for setting it up @Josiah Kay!

I've had good experiences with commercial loans.  I've worked with Dave Cwiklinski at Cornerstone Bank in Menomonee Falls.

Good luck @Spencer Harvey!

I have a duplex where the electric is separate but the water is not.  Since the units are not the same size, I just bite the bullet and pay for the water.  When showing the unit though, I make a big deal about water being included and most tenants seem to like that and feel like they're getting a better deal because of it.  I haven't noticed a ton of variance in the bill when there's been turnover either.  Hasn't been a big deal for me - just bake it into your #s.

Its possible the utility companies might even share approximate #s for past use too, so you know what to estimate in your budget.

Thanks @Jorjio Hopkins!

great perspective - thanks @Ron Rohrssen!

Thanks for your thoughts @Corina Eufinger - much appreciated!

Looking forward to meeting everyone!