I Agree 👍!!! Since I hired a property manager my business is running Much better!!!! I'm not Good at screening these tenants!!!! I Fired myself!!!! Smokers are Absolutely the Worse!!!!!!
You are young but knows a lot with confidence. Explain very clear, easy to understand and point very well. I took a lot of memo for my future tenant. I appreciate all !!
Mandy, you are so real!! My dad has a property manager that really doesn't do things thoroughly... or at all without us having to remind her. We're thinking of shifting the responsibility to myself, and your videos have been so helpful. Everything you share is realistic and practical -- exactly what I need. Also, you have such a kind and gentle personality! Thank you for being you and sharing your wisdom!
I inherited my parents home and I thought I might rent it out. The first woman I showed it to told me she could put two beds in the attic and one in the basement. I listed and sold the property.
love your videos! I have 48 units and your videos are more informative than bigger pockets. More helpful information in 3 of your videos than 25 BP videos. keep up the good work.
BP book called managing rental properties is gold. I'm not defending BP or taking credit away from Mandy, she is good. BP is my goto but I also branch out to see if anyone has other ideas, perspectives.
Mandy, my wife and I are just about to shift from a property management company to handling the rental process ourselves. Your videos are a great source of reality-based information. Thank you!
Many smokers, regardless of weather, smoke outside. Some smokers even think that smoking inside is nasty. One of my tenants had a pack of cigarettes on her counter. I told her it was a smoke free apartment. I’m hoping she’s smoking outside.
You hit it, Mandy! Background check should be the PRIORITY of landlords. The worst part of skipping this step is getting your property be seized by the government if the tenant turns out to be a law violator. Civil forfeiture is real, and this may happen to any landlords if they do not take screening seriously. Drug-related and money-laundering related crimes conducted by tenants in your property may lead to civil forfeiture, and this will surely cost you lots of money to prove your innocence.
Google your state and rental agreement. There should be free (aka boiler plate or generic ones available in every starte. Your local "Realtors" association or your local real estate lawyer can help you get one as well. Also, EzLandlordForms has state specific forms and they commented above.
I give potential landlords references for my pets - One from my current landlord and one from my vet stating that the cat(s) have no pottying problems or destructive behaviors. That helps to demonstrate that I am a responsible pet owner and the pets are well-looked-after. I recommend the same to other pet owners.
That’s a really good idea! We stayed in an Airbnb once with our dog and the host added that she was really well behaved and did cause any problems in the review. I’ve always been really thankful that she did that Incase we travel with our dog again.
Good presentation and clarity Mandy. I really appreciate it as my wife and I are technically now Landlords/Property Investors. Every little bit counts.
I have some tips and tricks, but your video is very well put I've been a landlord for 42 years and I'm still learning After somebody wastes money with a bad tenant your points are are very good, as a landlord you're never through learning until you die. Thank you for your video😊
One thing I advise landlords to stay away from is this advice on UA-cam where they tell you to “look to see if they have a dirty car”… Your screening criteria need to be “objective” and “measurable” … Now, before I go into my explanation, I’ll let you know where I’m coming from… unlike these UA-cam content creators, I’m not a small landlord. Instead, I come from decades of working at the large national and statewide property management organizations. I’m noticing a lot of advice being given to small landlords that would never fly over at these big companies. Most of the small landlords are similar to what I call the “Bob’s auto sales” level. I come from the Toyota and Chrysler side of things if you will to large national management companies. Now with that said, you want to stay away from saying things like must have good credit, or must have good rental history. What the heck does good credit mean? Instead, you need to actually be specific as to what you’re looking for in the credit report or what type of things you’re looking for in the rental history. So for example, you need to be saying things such as “must not have been late on rent more than two times in the past 12 months”. That is objective and measurable having “good rental history“ is neither measurable nor objective and therefore puts for the image that you are evaluating applicants on a subjective means. So when I hear small landlords say “if they have a dirty car” … A “dirty car” is neither “objective” nor is it “measurable”. This again would indicate that the landlord is evaluating the applicant on “subjective” means and is just looking for trouble. When I hear landlords giving advice to other landlords, such as this, it raises red flags to me that this landlord doesn’t know what they’re doing. I cover things like this along with a whole bunch of other do’s and don’ts when it comes to processing applications. jppropertyconsulting.com.
I might add one: people who want to pay a year or more up front. In my state, your tenant could be the worst ever, but if the rent is paid, it is next to impossible to get them out. I don't need that much cash right away. I'm happy to get it every month. People who have that kind of cash laying around, but are NOT buying a place of their own, are sometimes into dirty stuff. I also NEVER accept a personal check as move-in rent and deposit. I take cashier's checks, because I know it will be good, and they have a record that they paid me. Win-win.
We rented a guy who pre paid 6 months. Worst renter ever. His dogs were aggressive and bit one of our neighbors. I had to hire a lawyer to evict him because the renters allowed the kids to keep letting the dogs out.
I was trying to rent in New Jersey in 2017. Landlords were taking deposits & fees like 50x more than they had units avail. Like a yr & a half out! I ended up leaving vs having my deposit forfeited. I mean a yr & a half out they call u. "Ur apartment is ready." Ur in a tent by then in another city or something 🐒
If they want to pay with a personal check, "Let's meet up at your bank" - cash the check there and then, and wire the money to yourself if you don't happen to have an account there.
On the pet topic. I prefer to say "no pets", as simple as that. I'm surprised you didn't mention implementing a monthly pet fee or pet deposit...or combination. The property I just purchased already had tenants in place, one tenant was allowed 1 pet which was a chihuahua as per the lease. When I did the pre-settlement walk through. They had 2 chihuahuas, a pit bull, rabbit, guinea pig and numerous fly strips hanging from the ceiling Yeah...they won't be staying long.
I had to move out of the current apartment I was in because a cocaine dealer that was giving kickbacks to the current landlord threatened to have me murdered. However, I do agree that a tenant trying to pressure you into a decision is a red flag.
I'm always amazed at the applicants who ask if I would make an exception for their beautiful well-trained, well-behaved, above average dog, cat, bird when I've already listed that "Pets Are Not Allowed".
When I advertise I use the phrase "Absolutely No Pets". Once in a while I get that question, but adding the word "Absolutely" seems to have helped. I do sometimes get the calls about a service animal. More often than not, it's just a doctor's note that "little Johnny" is nervous and the animal helps keep him calm. That alone does not turn a pet into a service animal.
My tenant had poor record of on time payment. I thought I would give them a chance, but they started paying late every month right after a few months they moved in while they bought 2 new cars during the time. It never charge them 10% late fee per contract. It has become later and later. I have not received half of previous month rent yet. People way of thinking can be hard to change.
Great advice. Tenant screening, in my view, is the most important part of real estate investing with making sure the numbers work after getting bids prior to purchase of the property. I totally agree with your points especially on the ones regarding wanting to move in quickly and prior evictions. Being a new investor at the time I was nervous about having the house vacant while costing me money, so I was happy when someone wanted to move in within a week. I also believed the story from one about a prior eviction. It has come to burn me big time. Since then I have used a leasing agent to find me tenants. They have the time to do more thorough checks, no emotions are involved, and they just look at the hard facts. Those properties cashflow consistently. I may lease some myself now that I have learned a bit more, but one must be very skeptical.
Well yeah the money matters most because everything works on cash. She is just all about herself and taking advantage of poor people more often than not. Who would rent rather than own for themselves with rare exceptions. I can't blame her but still DAM* HER, FU*K HER SELFISH ASS!!!!!
@@EVNL576 the agent I used back then is no longer serving my area. Just an FYI, I used another agent for three tenants last year. I have had to evict two and possibly the third. It's important that you vet your agent as well. Some will just get someone in to get the fee. Some will help falsify documents. I'm about to start leasing myself again. I'd suggest if you want to do the same you watch some videos from Ernie the lawyer or join a good REI group like Lifestyles Unlimited. They have excellent training even at the basic level.
@@Fanta....You can ask but the problem is verifying the information. It's not like you can call their place of employment and ask their boss how much they make without violating HIPPA laws.
Ask the tenant to see the last 6 months. Of rent receipt? From previous landlord. And make sure that tenant name is on the rent receipt. And not someone Else You could also call the local housing COURT. To check for previous Invictions at that address.
I took notes in case anyone wants it: discrimination 7 things cannot deny for: race, ethnicity, religion, age, familiy status, disability, citizenship status don't ask how many kids or ages DO ask: how many occupants living in unit keep standard, same contract every tenent fills out. questions are standard to avoid anything considered discrimination never consider anyone who hasn't filled out application, to protect yourself have list of your personal criteria, in case someone claims discrimination, point out list if they didn't meet criteria for tenent Red Flags if they do not have 3x income gross (I might raise this to 4x or whoever has the highest) if they smoke or vape, EVEN if they say only outside because winter is cold and they could lie. it stains walls do not have more than 3 pets (might use 2 instead), if they have more than that do not rent to them. younger than 6 months, they are not potty trained if they ever had an eviction, no exceptions bad rental history, no excuses, call old landlord and if they didn't pay rent on time and left place trashed, don't give them second chance if they need to move in immediately, same day as showing, shove money in your face. do not let anyone move in same day as showing they don't have money to pay deposit, they want to defer it and pay in increments with their rent monthly, or they want you to lower deposit amount. no exceptions for deposit, it's your security they will take care of property. if they don't pay deposit or very small deposit no incentive to take care of place. if they say ok half now, half next month you'll probably never see other half. they're basically asking you for a loan and if they couldn't get it from a best friend or mom or brother or sister why should you trust them , you don't even know them
In talking about pets, you cannot refuse to rent to people who have service animals. Also, under the Fair Housing Act, emotional support animals are considered service animals. You also can't charge a per fee for them.
Screening is so critical!! I've seen some people skip steps and face the consequences for it. You really want to be thorough. Dot those i's and cross those T's. Great video though thank you!
I have and I do require that they tell me where they live and they agree that I can come through and do an inspection of the property. In one property, the daughter wanted to move in next door to her mother in a duplex of mine. I was reluctant but got the interior inspection and allowed her and her cat into my duplex, and after about 3 years I helped her and walked her through buying her own home Doing a walk-through inspection of a rental Can tell you whether you do want them or don't want them Your screening criteria is one thing that should be posted in multiple places inside of the unit in the window and on the back of the application if they don't sign that for me, that file is not considered your video is great
Hi there, I know landlords who do not perform tenant screening, as long as the tenant has the rent and advance. I also know landlords who perform thorough tenant screening before deciding on the right tenant, yet none of them have ever had any rental collection issues whatsoever, am I missing something valuable here? Can you please give me your thoughts, these are landlords who had no issues throughout the pandemic. Thanks for the great videos
It was just their lucky day if they didn't screen. This is the equivalent of playing Russian Roulette for landlord. 2nd it's too stupid to be a landlord. Screening tenants is the most important part of the professional landlord's job.
I agree with luis. Nobody plans to have an accident when they set out on their drive every day. but theyre sure glad they had the foresight to protect themselves with insurance when they run into bad luck.
Can't screen for eviction history unless tenant sticks it through all the way to the end of the eviction process, most likely tenant will not...thus no eviction record.
Question for the community...I have a friend that received a 30 day notice to vacate (after she submitted a complaint of possible mold in the apartment). She found a condo for rent and the new landlord wants to contact the current landlord as a reference but the current landlord refuse to assist the tenant. They have ceased ALL communication with the tenant. Is this legal? What other options does the tenant have in this situation? Any recommendations and suggestions are greatly appreciated!
REFERENCE SCREENING !!!! .... beware, a landlord wanting their tenant gone will tell lies to you, lol. And tenants will set up fake references, friends who will lie.
@It's Mandy Thanks for the helpful points here. I'd like to know how you filter through properties to acquire. What do you look for and what are red flags that help you reach your final decision?
To add on to this: Are there any certain types of amenities that it should have, what locations work best (in a micro sense of the word), and any types of fixtures, flooring, electrical/water/gas systems that you avoid or desire? I realize this can be a complex topic and may be more content than for a single video.
I always take a look inside their car. It doesn't matter if its older, but if its full of trash and a mess inside I never rent to people like that. They will treat your house the same way.
Very nice . I need copy’s of your lease. Go over every line of your leases. Thanks. What about late fee. How do you get money after they leave and they trash your house? I need help!
I'm going through this right now too. Probably going to end up taking them to small claims court. In my state if I win, I can garnish their wages but not all states allow that. If they don't have a job or any assets, unfortunately you probably won't ever see any money from them.
Great video! I’m about to buy my first rental property and I’m trying to learn as much as I can so I can make as least mistakes possible! I’m in NY and the laws changed so we can’t choose not to rent to someone based on their previous eviction history.
That's an awful law. Why would they protect people who have been evicted? That's the last thing that should be protected. Luckily you can still screen for income and credit, those factors would automatically rule out most people who have evictions on their records.
Brace yourself, if New York State passes the Good Cause Eviction legislation, it will bury many small landlords that have one or two rental properties. It will allow a problem tenant to remain on the property in perpetuity after the lease expires, unless you petition a court and get a judge's signed order.
But during cov, some people didn't pay and then got evicted. NY is the most tenant friendly. I wouldn't try to screen without an agent the first time especially now. They're better off buying in a neighboring state
@@ItsMandy An eviction shows on your record regardless of the outcome in court. Even if there was a misunderstanding and the case was dismissed, or you agreed on a settlement to the landlord's liking and were allowed to continue living there with no other problems. The only information future landlords see is that someone was taken to court. Simply being charged with a crime and actually being convicted are two different things. That's why it's unethical to automatically reject any applicant with an eviction or unlawful detainer on their record. It's not black and white.
Great info. Keep it up. All info is good info esp your practical knowledge of how you dealt with various management issues. Can you explain how to do background checks, namely credit checks, criminals checks, etc. Thanks.
Would you allow a tenant to have a pet snake? I’ve always wanted a small snake because then I don’t gotta worry about a dog or cat peeing or pooping on the floor
Only thing I disagree with here is the same day move in. I was in a situation where I moved states and was staying with a friend and told him I'd find a place within 2 weeks and it had been almost a month of sleeping on his couch so I was desperate 😂 I still made over 25x rent and had great history just nothing was decent and available until I found my last rental before buying my house. Other than that, great info!! 😁
Then why didn’t you rent an airbnb or a long term hotel? Why move without even searching for apartments?!? That makes ZERO sense, the only case where it would is if someone was renting from a place where the landlord had an unfavorable situation, and wanted to move once their lease was up.
@It’s Mandy Can you help provide information about tenant applications… what provider or website do you use for the application? As well as for screening?… thanks in advance!
Hey Mandy! What do you think about using a comprehensive software, like DoorLoop or Zenplace, to do tenant screening as part of a bigger application process?
I have a question about proof of income. I am looking to move soon and I have my eyes on an apartment in my local area. I read that the property management company requires tenants to make 3x their income which would equate to the the rent taking up 1/3 (33 percent) of their gross monthly income. The amount that I make is slightly over the 3x income rule. The rent would take up about 37- 38% of my income. Do you think I would be able to be approved? The company does credit checks as well and I have excellent credit, no delinquencies, or eviction history. I also have a clean background with no felonies. I can also get a co-signer if necessary.
Hey Mandy is there anyway i can get some type of mentoring for property management? I have an opportunity to mange 26 properties. I have the license and knowledge but no experience.
What do you use to screen tenants? I'm a long term landlord, normally use property managers, but I have a home with a separate unit that I will rent out on my own this time. I agree with everything you said, especially when someone is practically throwing cash in your face and wanting to move in immediately, that's a huge red flag. Different than you suggested, I just wrote an add saying 'must have Covid vaccination cards and no kids under 12, and maximum 3 people, no pets, no smokers'.
It worked well for me. I had a renter throw $900 in my face and wanting to move in immediately but he backed out due to job problems. I kept the money because that's what lease said was going to happen.
@@crand20033 bragging about taking someone’s money and not giving it back after they just lost their job but didn’t even finish the process and move in yet is a pretty screwed up thing to do. Don’t you think?
@@jasonconcepcion4116 Not really, because I had to re-advertise my room and try to find someone else after waiting for this guy for a few weeks after he promised to move in. It could have worked the other way around where I waited for a few weeks for someone who promised to move in, gave me no money, then I was forced to re do my ad and wait again - - - and possibly again so I make nothing. A contract is a contract. It says you don't get the money back if you don't move in. Same thing happened to me when I went to buy a house, I put down $2000 earnest money and didn't buy it so lost it.
Great info. Question Mandy are your properties long distance, if so how do you get the keys to tenant? Fedex? Lockbox with code that changes via wifi? A real estate agent? That was a good video BTW.
If you run a credit report through a “third party provider “. You may not charge them for the report. This is through the fair credit reporting act. If you charge them, you must provide them a copy of the report. Now, that said… be sure to check what your particular state’s law say that you are allowed to charge for an application fee. For example, I’m in Wisconsin.. here a landlord can only charge the applicant the “actual cost” of obtaining the consumer credit report (and it has to come directly from one of the “big three” agencies-TransUnion, Equifax or Experian) . And this charge cannot exceed $25 (again, here in WI) …. Most landlords here misinterpret this and think that if they use a “third party” application processing company (such as AppFolio, Rent Prep, etc.) and charge the applicant for $25 of the cost of having AppFolio process the application-which is NOT in accordance with state law. Now, that said, I don’t recommend using those third party services anyway, because they typically don’t have as thorough of a screening process as they should. I come from decades of working at the large national and statewide Property Management organizations, where we teach our leasing agents proper ways to do things. Many of these UA-cam advice channels are simply small landlords giving advice to other small landlords. I teach landlords the business practices that are used at ghettos large organizations.
What I don't like is landlord will charge you the application fee and get to write off the expenses in relation to screening you so it's pure profit for them. There needs to be a law where landlords are forced to refund the application fee if they deny you the rental.
3 times the rent income is senseless. What if the tenant started making 3x the rent initially before moving in and lose their job months later… or what if they lied about other incomes.. where is the income going to come from to pay the rent when that happens? A good credit score/ history is all I need to know if the tenant is going to pay their bills or not. Not making 3x the income..
Hey I self manage since I only have a handful of properties at the moment. Do I need to have this written list provided somewhere on the listing and made public, or can I hold it in private and provide it if there are any inquiries?
I think it's whatever works best for you. I usually just list the main criteria that people don't pass on my listing and then provide them with the whole list if they ask. Some things like no prior evictions and good rental references are common sense so I don't put them on the listing itself, mainly to save space. The list is mainly a safe guard incase anyone ever claims discrimination so that you can easily show that you applied the same criteria to every applicant. I don't think you need to make it public, but you should provide it if anyone asks.
Condos and the benefits and the negative examples expensive HOA fees monthly u don’t even see any work being done and they slam u with ridiculous assessment fees for 3 years and theirs nothing we can do . If lead I can’t be only one in this situation thanks in advance found u today randomly and honored to be here from miami , Florida
i had property asking me notary letter for my grandson that mother state live with me and ask me for my son and grandson birth certificate and ssn. ask picture of my son and grandson I never ever been asked. I didn't do it. but I feel it not correct. am I correct
I disagree with the previous landlord references part. There are lots of slum lords out there that lie and only care about money even though their place needs repairs.
I wish I'd known about the "moving out urgently" red flag cuz this guy had to find a place pretty urgently. He told me he was emplyed and My real estate agent did the employment check for this guy and he was given the all clear (I'm head tenant and he was to take the spare room). Told me he didn't have the bond but would pay over the first few weeks. After he moved in it became apparent that he was unemployed, never paid the bond, started missing rent within the first month and from there it was just hell, chasing him for rent all the time, and having to wait until his unemployment check came through every second week and hoping he pays for the past 2 weeks. Him having no money for bills... Dude turned out to be a real piece of garbage.
The only website I have used and liked is Cozy. I use it for a "pre-screening" application. It doesn't ask all the questions that I would need to know if I were to rent to them (like social security and DL #). But it asks everything I need, in order to know if they meet my rental qualifications or not. However, Cozy is now Apartments.com, my account very recently switched over so I haven't had a chance to use the application process through apartments.com yet. I've also used Avail.co, but I do not like it nearly as much as Cozy.
You could ask for Paystubs if they are employed or Bank statements if they are self employed but it's difficult verifyimg the information because it can be forged or manipulated, current HIPPA laws restrict the types of information you can source.
I recommend doing this , and all other steps as well, IN WRITING. This is so you have documentation and proof (if needed) if you ever need to illustrate that you do the SAME process with every applicant. If they have an employer, My companies that I’ve worked for typically have a standard form which we send to the employer with the list of questions the HR (or authorized person) would need to answer. Otherwise, if it is a different source of income (such as SSI, etc) they will have documentation from when they started receiving the funds or an annual update letter showing the most current amount received. Also, be sure to do the rental/landlord verification process in writing as well. This ensures that you illustrate that the same questions are being asked for every applicant, and that you’re not “digging into” certain applicants more than others (for fair housing purposes).
Your section 8 tenant will always pay their rent otherwise they won’t continue getting the assistance. Also, section 8 does yearly inspections to make sure that the apt is in good condition, so the tenant has to take care of it.
So helpful, thank you! New sub here :) I am planning on renting out my first home so I've just been researching and your channel is great! For the people who applied but did not pass the criteria, do you let them know or just kinda leave it alone? Also these red flags, are they aware of them before filling out the application so they don't waste their time or....for when you mentioned that you can show them the list of things that they did not meet if they are claiming discrimination? Thank you in advance Mandy!
Thanks! Anyone who I have had direct contact with or have shown the house to I let them know that it has been rented. I also mark it rented/"sold" on the Facebook listing and on the Cozy app so that others will know. I put the red flags that make sense to add in the listing like no smoking or no pets, but generally the more you can add to the listing the better.
You sound really paranoid. Not that it matters but you inherit property from your parents? You sound way too young to have all these over the top requirements
@@ItsMandy do you add the red flags to the tenant lease? Also, do you use a website or provider for the tenant applications? And for the screening process?
![How Do I Screen Tenants in Low End Rentals? [#AskBP 011]](/img/n.gif)
As a former landlord EVERYTHING this woman says is spot on. I wish the internet was invented when I started renting.
Yeah, but there’s no perfect person. No one rents for fun.
I Agree 👍!!! Since I hired a property manager my business is running Much better!!!! I'm not Good at screening these tenants!!!! I Fired myself!!!! Smokers are Absolutely the Worse!!!!!!
Some times it good to have smokers. It's hard for them to find another place so they stay with you for a long time.
We are the best
I wouldn't want a smoker for ANY amount of time! @@crand20033
Can you share your property manager contact?
You are young but knows a lot with confidence. Explain very clear, easy to understand and point very well. I took a lot of memo for my future tenant. I appreciate all !!
Mandy, you are so real!! My dad has a property manager that really doesn't do things thoroughly... or at all without us having to remind her. We're thinking of shifting the responsibility to myself, and your videos have been so helpful. Everything you share is realistic and practical -- exactly what I need. Also, you have such a kind and gentle personality! Thank you for being you and sharing your wisdom!
Screening is just so important for landlords and doing it right is critical. Love these great tips. 🙂
I inherited my parents home and I thought I might rent it out. The first woman I showed it to told me she could put two beds in the attic and one in the basement.
I listed and sold the property.
@@2pugman😂
love your videos! I have 48 units and your videos are more informative than bigger pockets. More helpful information in 3 of your videos than 25 BP videos. keep up the good work.
BP book called managing rental properties is gold. I'm not defending BP or taking credit away from Mandy, she is good. BP is my goto but I also branch out to see if anyone has other ideas, perspectives.
Mandy, my wife and I are just about to shift from a property management company to handling the rental process ourselves. Your videos are a great source of reality-based information. Thank you!
What was wrong with the mgmt company? Do you still prefer managing yourself?
screw there 10% charge
Just know the laws on evictions and don't hesitate to do evictions if needed.
@@crand20033 Try to evict a woman and her kids w/o a husband. The courts will allow her to stay for months and NO rent.
@@2pugman I do not think that is true. The law is the law. Judge have to do what the law states.
Many smokers, regardless of weather, smoke outside. Some smokers even think that smoking inside is nasty. One of my tenants had a pack of cigarettes on her counter. I told her it was a smoke free apartment. I’m hoping she’s smoking outside.
You hit it, Mandy! Background check should be the PRIORITY of landlords. The worst part of skipping this step is getting your property be seized by the government if the tenant turns out to be a law violator. Civil forfeiture is real, and this may happen to any landlords if they do not take screening seriously. Drug-related and money-laundering related crimes conducted by tenants in your property may lead to civil forfeiture, and this will surely cost you lots of money to prove your innocence.
Hi how or where I can get a rental agreement or where to buy it.
Google your state and rental agreement. There should be free (aka boiler plate or generic ones available in every starte. Your local "Realtors" association or your local real estate lawyer can help you get one as well.
Also, EzLandlordForms has state specific forms and they commented above.
I give potential landlords references for my pets - One from my current landlord and one from my vet stating that the cat(s) have no pottying problems or destructive behaviors. That helps to demonstrate that I am a responsible pet owner and the pets are well-looked-after.
I recommend the same to other pet owners.
That’s a really good idea! We stayed in an Airbnb once with our dog and the host added that she was really well behaved and did cause any problems in the review. I’ve always been really thankful that she did that Incase we travel with our dog again.
I'm a cat person myself but my agent said only to accept dogs , with an extra deposit, and not cats. If they pee on the floor, it's ruined
Good presentation and clarity Mandy. I really appreciate it as my wife and I are technically now Landlords/Property Investors. Every little bit counts.
I have some tips and tricks, but your video is very well put I've been a landlord for 42 years and I'm still learning
After somebody wastes money with a bad tenant your points are are very good, as a landlord you're never through learning until you die. Thank you for your video😊
One thing I advise landlords to stay away from is this advice on UA-cam where they tell you to “look to see if they have a dirty car”…
Your screening criteria need to be “objective” and “measurable” … Now, before I go into my explanation, I’ll let you know where I’m coming from… unlike these UA-cam content creators, I’m not a small landlord. Instead, I come from decades of working at the large national and statewide property management organizations. I’m noticing a lot of advice being given to small landlords that would never fly over at these big companies. Most of the small landlords are similar to what I call the “Bob’s auto sales” level. I come from the Toyota and Chrysler side of things if you will to large national management companies. Now with that said, you want to stay away from saying things like must have good credit, or must have good rental history. What the heck does good credit mean? Instead, you need to actually be specific as to what you’re looking for in the credit report or what type of things you’re looking for in the rental history. So for example, you need to be saying things such as “must not have been late on rent more than two times in the past 12 months”. That is objective and measurable having “good rental history“ is neither measurable nor objective and therefore puts for the image that you are evaluating applicants on a subjective means. So when I hear small landlords say “if they have a dirty car” … A “dirty car” is neither “objective” nor is it “measurable”. This again would indicate that the landlord is evaluating the applicant on “subjective” means and is just looking for trouble. When I hear landlords giving advice to other landlords, such as this, it raises red flags to me that this landlord doesn’t know what they’re doing. I cover things like this along with a whole bunch of other do’s and don’ts when it comes to processing applications. jppropertyconsulting.com.
I might add one: people who want to pay a year or more up front. In my state, your tenant could be the worst ever, but if the rent is paid, it is next to impossible to get them out. I don't need that much cash right away. I'm happy to get it every month. People who have that kind of cash laying around, but are NOT buying a place of their own, are sometimes into dirty stuff. I also NEVER accept a personal check as move-in rent and deposit. I take cashier's checks, because I know it will be good, and they have a record that they paid me. Win-win.
We rented a guy who pre paid 6 months. Worst renter ever. His dogs were aggressive and bit one of our neighbors. I had to hire a lawyer to evict him because the renters allowed the kids to keep letting the dogs out.
I was trying to rent in New Jersey in 2017. Landlords were taking deposits & fees like 50x more than they had units avail. Like a yr & a half out! I ended up leaving vs having my deposit forfeited. I mean a yr & a half out they call u. "Ur apartment is ready." Ur in a tent by then in another city or something 🐒
@@willc5512 Yeah, that scam is getting cracked down on, thankfully.
If they want to pay with a personal check, "Let's meet up at your bank" - cash the check there and then, and wire the money to yourself if you don't happen to have an account there.
On the pet topic. I prefer to say "no pets", as simple as that. I'm surprised you didn't mention implementing a monthly pet fee or pet deposit...or combination. The property I just purchased already had tenants in place, one tenant was allowed 1 pet which was a chihuahua as per the lease. When I did the pre-settlement walk through. They had 2 chihuahuas, a pit bull, rabbit, guinea pig and numerous fly strips hanging from the ceiling Yeah...they won't be staying long.
And it's exactly a******* like you Who caused a lot of these animals to die in shelters 🖕🏻🖕🏻🖕🏻🤬🤬
Wow. I'm just impressed with your knowledge. Thank you for the awesome video!
Sweetest source of real estate advice
I had to move out of the current apartment I was in because a cocaine dealer that was giving kickbacks to the current landlord threatened to have me murdered. However, I do agree that a tenant trying to pressure you into a decision is a red flag.
Hi. I see you didn’t mention credit scores on your criteria. What are your thoughts on that?
First video I’m seeing from you and I already love your channel. Subscribed.
I'm always amazed at the applicants who ask if I would make an exception for their beautiful well-trained, well-behaved, above average dog, cat, bird when I've already listed that "Pets Are Not Allowed".
When I advertise I use the phrase "Absolutely No Pets". Once in a while I get that question, but adding the word "Absolutely" seems to have helped. I do sometimes get the calls about a service animal. More often than not, it's just a doctor's note that "little Johnny" is nervous and the animal helps keep him calm. That alone does not turn a pet into a service animal.
My tenant had poor record of on time payment. I thought I would give them a chance, but they started paying late every month right after a few months they moved in while they bought 2 new cars during the time. It never charge them 10% late fee per contract. It has become later and later. I have not received half of previous month rent yet. People way of thinking can be hard to change.
Great advice. Tenant screening, in my view, is the most important part of real estate investing with making sure the numbers work after getting bids prior to purchase of the property. I totally agree with your points especially on the ones regarding wanting to move in quickly and prior evictions. Being a new investor at the time I was nervous about having the house vacant while costing me money, so I was happy when someone wanted to move in within a week. I also believed the story from one about a prior eviction. It has come to burn me big time. Since then I have used a leasing agent to find me tenants. They have the time to do more thorough checks, no emotions are involved, and they just look at the hard facts. Those properties cashflow consistently. I may lease some myself now that I have learned a bit more, but one must be very skeptical.
I also use an agent. She has a good sense of people. It costs money but it's worth it.
Well yeah the money matters most because everything works on cash. She is just all about herself and taking advantage of poor people more often than not. Who would rent rather than own for themselves with rare exceptions. I can't blame her but still DAM* HER, FU*K HER SELFISH ASS!!!!!
Can you share your listing agent?
@@EVNL576 the agent I used back then is no longer serving my area. Just an FYI, I used another agent for three tenants last year. I have had to evict two and possibly the third. It's important that you vet your agent as well. Some will just get someone in to get the fee. Some will help falsify documents. I'm about to start leasing myself again. I'd suggest if you want to do the same you watch some videos from Ernie the lawyer or join a good REI group like Lifestyles Unlimited. They have excellent training even at the basic level.
In Portland Oregon, you CAN NOT require 3 times the rent, 2 to 2 1/2 times is maximum depending on the rent.
portland sucks
Can you not ask how much their income is? how would they know thats what disqualified them?
@@Fanta....You can ask but the problem is verifying the information. It's not like you can call their place of employment and ask their boss how much they make without violating HIPPA laws.
Definitely agree on smoking. And vapers….most will vape inside
we're starting the process to manage a property for a family member and thanks for the tips, +sub!
Ask the tenant to see the last 6 months. Of rent receipt? From previous landlord. And make sure that tenant name is on the rent receipt. And not someone Else You could also call the local housing COURT. To check for previous Invictions at that address.
New landlord here 😢 this was awesome thank you ❤
I took notes in case anyone wants it:
discrimination 7 things cannot deny for:
race, ethnicity, religion, age, familiy status, disability, citizenship status
don't ask how many kids or ages
DO ask:
how many occupants living in unit
keep standard, same contract every tenent fills out.
questions are standard to avoid anything considered discrimination
never consider anyone who hasn't filled out application, to protect yourself
have list of your personal criteria, in case someone claims discrimination, point out list if they didn't meet criteria for tenent
Red Flags
if they do not have 3x income gross (I might raise this to 4x or whoever has the highest)
if they smoke or vape, EVEN if they say only outside because winter is cold and they could lie. it stains walls
do not have more than 3 pets (might use 2 instead), if they have more than that do not rent to them. younger than 6 months, they are not potty trained
if they ever had an eviction, no exceptions
bad rental history, no excuses, call old landlord and if they didn't pay rent on time and left place trashed, don't give them second chance
if they need to move in immediately, same day as showing, shove money in your face. do not let anyone move in same day as showing
they don't have money to pay deposit, they want to defer it and pay in increments with their rent monthly, or they want you to lower deposit amount. no exceptions for deposit, it's your security they will take care of property. if they don't pay deposit or very small deposit no incentive to take care of place. if they say ok half now, half next month you'll probably never see other half. they're basically asking you for a loan and if they couldn't get it from a best friend or mom or brother or sister why should you trust them , you don't even know them
In talking about pets, you cannot refuse to rent to people who have service animals. Also, under the Fair Housing Act, emotional support animals are considered service animals. You also can't charge a per fee for them.
I actually found out that there are exemptions to this rule in Texas
So young so clever Loved the video and help
Screening is so critical!! I've seen some people skip steps and face the consequences for it. You really want to be thorough. Dot those i's and cross those T's. Great video though thank you!
I have and I do require that they tell me where they live and they agree that I can come through and do an inspection of the property.
In one property, the daughter wanted to move in next door to her mother in a duplex of mine. I was reluctant but got the interior inspection and allowed her and her cat into my duplex, and after about 3 years I helped her and walked her through buying her own home
Doing a walk-through inspection of a rental
Can tell you whether you do want them or don't want them
Your screening criteria is one thing that should be posted in multiple places inside of the unit in the window and on the back of the application if they don't sign that for me, that file is not considered your video is great
yes, you can ask how many dependents are you responsible under 18. this can be part of the application.
Hi there, I know landlords who do not perform tenant screening, as long as the tenant has the rent and advance. I also know landlords who perform thorough tenant screening before deciding on the right tenant, yet none of them have ever had any rental collection issues whatsoever, am I missing something valuable here? Can you please give me your thoughts, these are landlords who had no issues throughout the pandemic. Thanks for the great videos
It was just their lucky day if they didn't screen.
This is the equivalent of playing Russian Roulette for landlord.
2nd it's too stupid to be a landlord. Screening tenants is the most important part of the professional landlord's job.
@@luismangiaterra1031 Hi Luis, I certainly agree with you 100%, it is too dangerous for a landlord to not follow through with these steps
I agree with luis. Nobody plans to have an accident when they set out on their drive every day. but theyre sure glad they had the foresight to protect themselves with insurance when they run into bad luck.
@@Fanta.... yes, just remember to the terms and conditions of your insurance plan before signing it
Can't screen for eviction history unless tenant sticks it through all the way to the end of the eviction process, most likely tenant will not...thus no eviction record.
Just bought my first rental house. Subbed and liked
Thank you Mandy. Concise and thorough.
Question for the community...I have a friend that received a 30 day notice to vacate (after she submitted a complaint of possible mold in the apartment). She found a condo for rent and the new landlord wants to contact the current landlord as a reference but the current landlord refuse to assist the tenant. They have ceased ALL communication with the tenant. Is this legal? What other options does the tenant have in this situation? Any recommendations and suggestions are greatly appreciated!
REFERENCE SCREENING !!!! .... beware, a landlord wanting their tenant gone will tell lies to you, lol. And tenants will set up fake references, friends who will lie.
@It's Mandy
Thanks for the helpful points here. I'd like to know how you filter through properties to acquire. What do you look for and what are red flags that help you reach your final decision?
To add on to this: Are there any certain types of amenities that it should have, what locations work best (in a micro sense of the word), and any types of fixtures, flooring, electrical/water/gas systems that you avoid or desire? I realize this can be a complex topic and may be more content than for a single video.
@@1077mikev Thanks for the video idea! I will make a video covering this topic very soon!
That's a great question because my property has a pricey furnace that only 1 company can fix and the thermostat was 800 bucks
Hi Mandy! Your shag carpet wall!! Someone looks like an Elvis fan;-)
I always take a look inside their car. It doesn't matter if its older, but if its full of trash and a mess inside I never rent to people like that. They will treat your house the same way.
What if they got a cab over or caught the bus?
Well that would be a huge red flag We don't have buses and cabs cost more than a car does per month.
@@richsmith3300
That’s dirtbag discrimination. It’s illegal.
@@tednguyen208How is that discrimination, i do agree its a dirtbag move
Won't work if the tenants doesn't own a car.
Very nice . I need copy’s of your lease. Go over every line of your leases. Thanks. What about late fee. How do you get money after they leave and they trash your house? I need help!
I'm going through this right now too. Probably going to end up taking them to small claims court. In my state if I win, I can garnish their wages but not all states allow that. If they don't have a job or any assets, unfortunately you probably won't ever see any money from them.
Great video. Is it hard to take some to small claims court? Thanks
Great video! I’m about to buy my first rental property and I’m trying to learn as much as I can so I can make as least mistakes possible! I’m in NY and the laws changed so we can’t choose not to rent to someone based on their previous eviction history.
That's an awful law. Why would they protect people who have been evicted? That's the last thing that should be protected. Luckily you can still screen for income and credit, those factors would automatically rule out most people who have evictions on their records.
Brace yourself, if New York State passes the Good Cause Eviction legislation, it will bury many small landlords that have one or two rental properties. It will allow a problem tenant to remain on the property in perpetuity after the lease expires, unless you petition a court and get a judge's signed order.
@@ItsMandy I would assume it's to protect tenants who were wrongfully evicted by the more dubious landlords out there?
But during cov, some people didn't pay and then got evicted. NY is the most tenant friendly. I wouldn't try to screen without an agent the first time especially now. They're better off buying in a neighboring state
@@ItsMandy An eviction shows on your record regardless of the outcome in court. Even if there was a misunderstanding and the case was dismissed, or you agreed on a settlement to the landlord's liking and were allowed to continue living there with no other problems. The only information future landlords see is that someone was taken to court.
Simply being charged with a crime and actually being convicted are two different things. That's why it's unethical to automatically reject any applicant with an eviction or unlawful detainer on their record. It's not black and white.
Great info. Keep it up. All info is good info esp your practical knowledge of how you dealt with various management issues. Can you explain how to do background checks, namely credit checks, criminals checks, etc. Thanks.
Would you allow a tenant to have a pet snake? I’ve always wanted a small snake because then I don’t gotta worry about a dog or cat peeing or pooping on the floor
Only thing I disagree with here is the same day move in. I was in a situation where I moved states and was staying with a friend and told him I'd find a place within 2 weeks and it had been almost a month of sleeping on his couch so I was desperate 😂 I still made over 25x rent and had great history just nothing was decent and available until I found my last rental before buying my house.
Other than that, great info!! 😁
Then why didn’t you rent an airbnb or a long term hotel? Why move without even searching for apartments?!? That makes ZERO sense, the only case where it would is if someone was renting from a place where the landlord had an unfavorable situation, and wanted to move once their lease was up.
Very helpful. Thanks
Do you have an example of an application?
Hi Mandy! It's been a year without video's. Hope all is well. God bless.
@It’s Mandy Can you help provide information about tenant applications… what provider or website do you use for the application? As well as for screening?… thanks in advance!
Hi Mandy, do you an example of a tenant screening form?
Good job! Thanks for the video!
I love your way to explain things👍
Is that a rug on your wall? Great vid TY.
Random but guessing that’s a rug on the wall? It’s amazing vibes I can’t stop 🛑 looking
Instead of using prompt cards you can record a perfect message then play back as you record using AirPods.
Keep this going please. Many good info shared.
What if they're living off of substantial savings, maybe they're retired and have money saved up, would that be acceptable rather than showing income?
Hey Mandy! What do you think about using a comprehensive software, like DoorLoop or Zenplace, to do tenant screening as part of a bigger application process?
Rent Perfect
I have a question about proof of income. I am looking to move soon and I have my eyes on an apartment in my local area. I read that the property management company requires tenants to make 3x their income which would equate to the the rent taking up 1/3 (33 percent) of their gross monthly income. The amount that I make is slightly over the 3x income rule. The rent would take up about 37- 38% of my income. Do you think I would be able to be approved? The company does credit checks as well and I have excellent credit, no delinquencies, or eviction history. I also have a clean background with no felonies. I can also get a co-signer if necessary.
If you have over the amount that’s a good lol
You’ll be approved
@@lishab.6536 I would have to pass, I'm too smart for that, she won't fool me.
After 30years of being a landlord, I'm a walking lie detector.
37 percent isn't over the amount, it's less.
@@georgewagner7787 I read somewhere that and income of 2.5 times the rent is good enough to rent.
Is there a tool you use for gathering tenant information?
Hey Mandy is there anyway i can get some type of mentoring for property management? I have an opportunity to mange 26 properties. I have the license and knowledge but no experience.
Great video! Thank you 🙏
Excellent tips. Very clear and helpful.
What do you use to screen tenants?
I'm a long term landlord, normally use property managers, but I have a home with a separate unit that I will rent out on my own this time.
I agree with everything you said, especially when someone is practically throwing cash in your face and wanting to move in immediately, that's a huge red flag.
Different than you suggested, I just wrote an add saying 'must have Covid vaccination cards and no kids under 12, and maximum 3 people, no pets, no smokers'.
You need to check state law on the number of people though. In my state, they are allowed twice as many as the number of bedrooms.
It worked well for me. I had a renter throw $900 in my face and wanting to move in immediately but he backed out due to job problems. I kept the money because that's what lease said was going to happen.
@@crand20033 bragging about taking someone’s money and not giving it back after they just lost their job but didn’t even finish the process and move in yet is a pretty screwed up thing to do. Don’t you think?
@@jasonconcepcion4116 Not really, because I had to re-advertise my room and try to find someone else after waiting for this guy for a few weeks after he promised to move in. It could have worked the other way around where I waited for a few weeks for someone who promised to move in, gave me no money, then I was forced to re do my ad and wait again - - - and possibly again so I make nothing. A contract is a contract. It says you don't get the money back if you don't move in. Same thing happened to me when I went to buy a house, I put down $2000 earnest money and didn't buy it so lost it.
You also cannot put limits on children's ages. You shouldn't even ask about children. That would constitute a violation of fair housing.
Great info. Question Mandy are your properties long distance, if so how do you get the keys to tenant? Fedex? Lockbox with code that changes via wifi? A real estate agent? That was a good video BTW.
Where do you find an application to send to tenants? Or did you make one youself?
She mentioned above, in response to the same question that she used Rocket Layer, as you get the first few documents for free.
Thanks for sharing info, quick question - do you run their credit by your own or do you have any company to do that? If yes plz commend.
If you run a credit report through a “third party provider “. You may not charge them for the report. This is through the fair credit reporting act. If you charge them, you must provide them a copy of the report. Now, that said… be sure to check what your particular state’s law say that you are allowed to charge for an application fee. For example, I’m in Wisconsin.. here a landlord can only charge the applicant the “actual cost” of obtaining the consumer credit report (and it has to come directly from one of the “big three” agencies-TransUnion, Equifax or Experian) . And this charge cannot exceed $25 (again, here in WI) …. Most landlords here misinterpret this and think that if they use a “third party” application processing company (such as AppFolio, Rent Prep, etc.) and charge the applicant for $25 of the cost of having AppFolio process the application-which is NOT in accordance with state law. Now, that said, I don’t recommend using those third party services anyway, because they typically don’t have as thorough of a screening process as they should. I come from decades of working at the large national and statewide Property Management organizations, where we teach our leasing agents proper ways to do things. Many of these UA-cam advice channels are simply small landlords giving advice to other small landlords. I teach landlords the business practices that are used at ghettos large organizations.
You don't run a credit & background check? It's mandatory or you are going to run into issues. Also, make sure to check their driver's license!!
Hi. Great video!
Was very informative.
Please do a video on how to get your commission on time from property owners
What I don't like is landlord will charge you the application fee and get to write off the expenses in relation to screening you so it's pure profit for them.
There needs to be a law where landlords are forced to refund the application fee if they deny you the rental.
3 times the rent income is senseless. What if the tenant started making 3x the rent initially before moving in and lose their job months later… or what if they lied about other incomes.. where is the income going to come from to pay the rent when that happens? A good credit score/ history is all I need to know if the tenant is going to pay their bills or not. Not making 3x the income..
If u can make 3x the rental , u r far more likely to make 3x the rental in the future compared to someone who couldn't make it 3x rental
I was a landlord for a handful of years and I hated it.
Or some of our leases are ending that’s a weird reason to deny someone because they need to immediately need to move
How do you confirm that their previous landlord is their previous landlord and not their friend? Don't want to be in a position like Graham Stephan.
Thank you. Very informative!
Hey I self manage since I only have a handful of properties at the moment. Do I need to have this written list provided somewhere on the listing and made public, or can I hold it in private and provide it if there are any inquiries?
I think it's whatever works best for you. I usually just list the main criteria that people don't pass on my listing and then provide them with the whole list if they ask. Some things like no prior evictions and good rental references are common sense so I don't put them on the listing itself, mainly to save space. The list is mainly a safe guard incase anyone ever claims discrimination so that you can easily show that you applied the same criteria to every applicant. I don't think you need to make it public, but you should provide it if anyone asks.
Condos and the benefits and the negative examples expensive HOA fees monthly u don’t even see any work being done and they slam u with ridiculous assessment fees for 3 years and theirs nothing we can do . If lead I can’t be only one in this situation thanks in advance found u today randomly and honored to be here from miami , Florida
i had property asking me notary letter for my grandson that mother state live with me and ask me for my son and grandson birth certificate and ssn. ask picture of my son and grandson I never ever been asked. I didn't do it. but I feel it not correct. am I correct
I have a question do I need license to
Manage my own properties??
I disagree with the previous landlord references part. There are lots of slum lords out there that lie and only care about money even though their place needs repairs.
What about Credit score? What is your minimum credit score requirement.
Awesome video. Knowledgable and cute as a bugs ear👌
I wish I'd known about the "moving out urgently" red flag cuz this guy had to find a place pretty urgently. He told me he was emplyed and My real estate agent did the employment check for this guy and he was given the all clear (I'm head tenant and he was to take the spare room). Told me he didn't have the bond but would pay over the first few weeks. After he moved in it became apparent that he was unemployed, never paid the bond, started missing rent within the first month and from there it was just hell, chasing him for rent all the time, and having to wait until his unemployment check came through every second week and hoping he pays for the past 2 weeks. Him having no money for bills... Dude turned out to be a real piece of garbage.
Hi Mandy, please what are the best softwares to screen the tenants? Thank you
The only website I have used and liked is Cozy. I use it for a "pre-screening" application. It doesn't ask all the questions that I would need to know if I were to rent to them (like social security and DL #). But it asks everything I need, in order to know if they meet my rental qualifications or not. However, Cozy is now Apartments.com, my account very recently switched over so I haven't had a chance to use the application process through apartments.com yet. I've also used Avail.co, but I do not like it nearly as much as Cozy.
@@ItsMandy Why do you like cozy more than avail? What didn't you like about avail?
How do you go about income/funds verification? Do you ask for 3 pay stubs? 3 bank statements? Both?
You could ask for Paystubs if they are employed or Bank statements if they are self employed but it's difficult verifyimg the information because it can be forged or manipulated, current HIPPA laws restrict the types of information you can source.
I recommend doing this , and all other steps as well, IN WRITING. This is so you have documentation and proof (if needed) if you ever need to illustrate that you do the SAME process with every applicant. If they have an employer, My companies that I’ve worked for typically have a standard form which we send to the employer with the list of questions the HR (or authorized person) would need to answer. Otherwise, if it is a different source of income (such as SSI, etc) they will have documentation from when they started receiving the funds or an annual update letter showing the most current amount received. Also, be sure to do the rental/landlord verification process in writing as well. This ensures that you illustrate that the same questions are being asked for every applicant, and that you’re not “digging into” certain applicants more than others (for fair housing purposes).
simple arrest vs possession... Do you rent?
Do you except section 8? I'm looking at buying a property and it comes with a section 8 tenant. It's leased to the tenant until March.
Your section 8 tenant will always pay their rent otherwise they won’t continue getting the assistance. Also, section 8 does yearly inspections to make sure that the apt is in good condition, so the tenant has to take care of it.
fantastic advice. I am guessing you are pretty young, but your advice is really good, thanks!
What's the minimum credit score you accept?
Even if they smoke outside, the smoke can impact the outside of the house. You will always smell it if you go out on a patio.
Also they carry the “ashes” of the smoking on their clothes…right into the house
Hey I'm just curious, when it comes to eviction history, how do you go about finding that information? Wouldn't the potential tenant hide this fact?
If eviction happened, it should be in the court records.
@@gordonpolk8848 An eviction does not necessarily mean the person didn't pay rent or was late. Maybe the landlord simply wanted his place back.
New landlord here, love your videos! Would I be correct in assuming your red flags are part of your minimum criteria for a potential renter?
Thank you and yes they are!
If ppl cannot pay the deposit, they usually cannot pay the rent. And you are right, it's a loan and ypu probably wont get it.
Great advice. Thanks
I have a question. Should you show the property to anyone before they fill out an application? Or afterwards?
AFTER, why waste your time, or allow potential “professional squatters” any access into your home or information about yourself? Makes no sense.
So helpful, thank you! New sub here :) I am planning on renting out my first home so I've just been researching and your channel is great! For the people who applied but did not pass the criteria, do you let them know or just kinda leave it alone? Also these red flags, are they aware of them before filling out the application so they don't waste their time or....for when you mentioned that you can show them the list of things that they did not meet if they are claiming discrimination? Thank you in advance Mandy!
Thanks! Anyone who I have had direct contact with or have shown the house to I let them know that it has been rented. I also mark it rented/"sold" on the Facebook listing and on the Cozy app so that others will know. I put the red flags that make sense to add in the listing like no smoking or no pets, but generally the more you can add to the listing the better.
3times income is absolutely ridiculous
You sound really paranoid. Not that it matters but you inherit property from your parents? You sound way too young to have all these over the top requirements
@@ItsMandy do you add the red flags to the tenant lease? Also, do you use a website or provider for the tenant applications? And for the screening process?
No family status. I'd like to know how many in the family. Perfectly logical question to me. I don't want 6 people in a one bedroom house