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Guide For Tenant Screening

The BiggerPockets' & Guide To Tenant Screening The Ultimate Step By Step Guide Step 1 Set Your Standards e Income > 3 x Rent Good References Tenant must have good references from ALL previous landlords. Tenants MUST earn at least three times whatever the monthly rent is. No Evictions: Ever Clean Background Seriously. Ever. other negative No felonies criminal activities on their record. Step Pre-Screen 2 Don't waste your time showing a property to people who won't qualify. Tell them your minimum standards Marketing: In Person: upfront. Phone: Communicate the property features effectively to eliminate tire-kickers. Check out their vehicle, their attitudes, their punctuality, and their appearance. Re-emphasize your minimum standards. Step Application Must-Ask Questions SOCIAL SECURITY# AND DATE OF BIRTH PERSONALINFORMATION NAME, PHONE, ADDRESS, ETC 3 CURRENT AND PAST LANDLORDS 4 EMPLOYER AND JOB DETAILS EVICTIONS, BROKEN LEASES, OR JUDGMENTS RELEASE OF INFORMATION SIGNATURE Step 4 Follow the Flow Chart DOES THE PROSPECTMAKE AT LEAST THREE TIMES THE MONTHLY RENT? RUNTHE BACKGROUND & CREDIT CHECK YES CO-SIGNER FILLS OUT AN APPLICATION AND IS TREATED LIKE ATΕNΑΝΤ NO CAN THE TENANT GET A QUALIFIED CO-SIGNER? YES EVICTIONS ON RECORD? NO YES NO CRIMINAL HISTORY? DENIED! YES SEND LETTER EXPLAINING WHY NO NO NO GOOD REFERENCES FROM ALL PAST LANDLORDS? YES ΕMPLOYMEΝT ΟΚΑΥ? -INCOME VERIFIED -POSITION IS STABLE PERSONAL REFERENCES ΟΚΑΥ? YES NO APPROVED! For More Information on Tenant Screening, Landlording, and Hundreds of Other Topics Relating to Real Estate Investing Please Visit: BiggerPockets BiggerPockets.com | Your Home For Real Estate Investing Online f 8+ in Piktochart The BiggerPockets' & Guide To Tenant Screening The Ultimate Step By Step Guide Step 1 Set Your Standards e Income > 3 x Rent Good References Tenant must have good references from ALL previous landlords. Tenants MUST earn at least three times whatever the monthly rent is. No Evictions: Ever Clean Background Seriously. Ever. other negative No felonies criminal activities on their record. Step Pre-Screen 2 Don't waste your time showing a property to people who won't qualify. Tell them your minimum standards Marketing: In Person: upfront. Phone: Communicate the property features effectively to eliminate tire-kickers. Check out their vehicle, their attitudes, their punctuality, and their appearance. Re-emphasize your minimum standards. Step Application Must-Ask Questions SOCIAL SECURITY# AND DATE OF BIRTH PERSONALINFORMATION NAME, PHONE, ADDRESS, ETC 3 CURRENT AND PAST LANDLORDS 4 EMPLOYER AND JOB DETAILS EVICTIONS, BROKEN LEASES, OR JUDGMENTS RELEASE OF INFORMATION SIGNATURE Step 4 Follow the Flow Chart DOES THE PROSPECTMAKE AT LEAST THREE TIMES THE MONTHLY RENT? RUNTHE BACKGROUND & CREDIT CHECK YES CO-SIGNER FILLS OUT AN APPLICATION AND IS TREATED LIKE ATΕNΑΝΤ NO CAN THE TENANT GET A QUALIFIED CO-SIGNER? YES EVICTIONS ON RECORD? NO YES NO CRIMINAL HISTORY? DENIED! YES SEND LETTER EXPLAINING WHY NO NO NO GOOD REFERENCES FROM ALL PAST LANDLORDS? YES ΕMPLOYMEΝT ΟΚΑΥ? -INCOME VERIFIED -POSITION IS STABLE PERSONAL REFERENCES ΟΚΑΥ? YES NO APPROVED! For More Information on Tenant Screening, Landlording, and Hundreds of Other Topics Relating to Real Estate Investing Please Visit: BiggerPockets BiggerPockets.com | Your Home For Real Estate Investing Online f 8+ in Piktochart

Guide For Tenant Screening

shared by Catherinalucy on Apr 29
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However – by effectively screening prospective tenants you can reduce the chance of this happening and relieve the stress, headache, and back-aches that often accompany the landlord job. This guide ...

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