Screening Tenants and Raising Rents Like a Rental Property Pro

Every landlord wants the best possible tenants in their rental property, but of course, this doesn’t happen by chance. Today, we’re delivering several tips to help you improve the screening process, work seamlessly with inherited tenants, and raise rents without pushback!
Welcome to another Rookie Reply! In this episode, we not only talk about dealing with tenants but also get into the different types of hard money loans and how to use them. Is an accessory dwelling unit (ADU) attached to the property you’re looking to buy? We discuss how showing its potential income can help you qualify for a loan. Finally, real estate investing is no walk in the park, despite what social media might have you believe. Stick around as we touch on some of the hard truths that new investors should know!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group, call us at the Rookie Request Line (1-888-5-ROOKIE), or click here: www.biggerpockets.com/reply?u...
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Show notes at link.chtbl.com/Rookie
00:00 Intro
00:48 What Does Hard Money Cover?
05:44 Inheriting Tenants 101
11:26 How to Screen a Tenant
18:16 Real Estate’s “Best Kept Secrets”
24:12 Using ADU Income to Get a Loan
26:36 Send Us Your Question!

[@delontamcclain4571]

Thanks, I am implementing these screening processes ASAP !!!

[@kittl77]

This was great I use these tips for my portfolio as well

[@balitreasureproperties]

Your video was truly inspiring! Keep up the great work!

[@shawmeck9323]

So if a applicant paid for a report and wanted to share it with a new landlord, how should the landlord verify the validity of their report?

[@nellosnook4454]

Thanks RER! 👏
1. I have a great property management company who does an excellent job screening tenants.
2 My rental properties are high-quality SFHs.
3. I LOVE ❤️ my tenants!

[@davec5751]

Any chance of getting a copy of this estoppel ?

[@aracelyrivera1]

@Ashley, which service or platform do you use for income verification?

[@hermanchan6260]

I called the company myself to verify .

[@theFifthMountain123]

Just get a property manager and have them deal with the tenants and screening them, whether you have 1 rental or a 1000. This is such a bad advice and is not scalable at all.

[@user-qb9rw1xg2x]

Well said