When you start to accept applications for your rental property, you’ll inevitably get some applications that do not meet your minimum screening standards (even if you list them in the listing, some people just don’t read or don’t care). When this happens, you’ll have to carefully review the application and send back a Tenant Application … Read more
A fantastic way to diversify your rental portfolio is to have rent coming from a variety of different sources. We are actively trying to maintain a portfolio comprising 33% job/retirement income, 33% Section 8 income, and 33% military income. This helps us rest easy knowing if there is ever a government shutdown, a military base … Read more
Reviewing a potential tenant’s background report is an important part of the tenant screening process. Sometimes, applicants have some baggage from their past including criminal records or eviction records. When that happens, it can significantly increase the chances of future criminal activity or potential safety hazards to others while they are renting from you. Rental … Read more
Reviewing a potential tenant’s credit report is an important part of the tenant screening process. Oftentimes, applicants have several large debt payments already (outside of their rent payment) and a history of late or delinquent payments on these debts. When that happens, it can significantly increase the chances of delinquent rent payments while they are … Read more
Verifying a potential tenant’s past rental history is an important part of the tenant screening process. Oftentimes, applicants want to hide any evictions on their record or don’t want you to talk to their current landlords so you can’t get information on the previous problems they’ve caused. When that happens, it can significantly increase the … Read more
Verifying a potential tenant’s income is an important part of the tenant screening process. Oftentimes, applicants stretch the truth on how much income they make or try to get housing that takes up too much of their monthly income. When that happens, it can significantly increase the chances of delinquent rent payments. Rental property applicants … Read more
Before you show a home to a potential tenant, you want to create a Rental Property Showing Packet that you can hand out when you meet them. A Rental Property Showing Packet is a packet handed out at the showing to each person over 18. The packet includes the highlights of the property including the … Read more
When it’s time for a tenant to move out, you want to make the move-out process as easy as possible for them so that you get the home back in the condition that you want and they have the chance to get their full security deposit back. This is where providing a Move-Out Packet with … Read more
A move-out inspection is a vital process that landlords should complete after a tenant moves out to document the condition of the property. This is where you will not only protect yourself from any lawsuits regarding wrongful deductions from the security deposit, but you also will have the chance to assess what needs to be … Read more
Figuring out the perfect rent price to charge for your rental property is half art and half science. You want to find that sweet spot that gets you the most amount of money while also getting your rental property filled as fast as possible. Of course, that is easier said than done, though. So, how … Read more