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How to Prevent the Most Common Tenant Screening Pitfalls

Real Property Management Chicago

Tenant screening is one of the most critical steps in rental property management; nevertheless, it’s simple to slip up and make costly issues down the line. The good news is that avoiding these mistakes can help you attract high-quality tenants and keep your properties running smoothly.

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When and How to Deny a Rental Application: An Overview for CA Landlords

Genuine Property Management

Denying a rental application is sometimes necessary to protect your property, your other tenants, and your investment. However, in California, landlords must follow specific legal and ethical guidelines when evaluating applications. Below, we’ll explore when and how to decline a rental application lawfully and professionally.

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Apartment Application Fees Explained: A Tenant’s Guide

Bay Property Management Group

The application fee for apartment can seem unfair, especially when it catches you by surprise. What Are Apartment Application Fees? An apartment application fee is a one-time payment you make when applying to rent a place. What Do Application Fees Cover? So, whats the actual cost of an application fee here?

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What Is a Co-Applicant in a Rental?

Bay Property Management Group

But then you see the word “co-applicant” on the form, and you’re wondering… what is a co-applicant? Main Takeaways What is a co-applicant? Having a co-applicant can boost approval odds shared income and stronger credit can help secure a rental, but missing payments affects both applicants.

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5 security deposit alternatives to reduce vacancies and attract tenants

Buildium

Decreased vacancies for landlords: Offering flexible options can open the door to more qualified applicants, especially those who might be held back by a large upfront deposit. You’ll also likely have to have a separate agreement on file outlining your relationship with the third-party provider, as well as the tenants.

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Is First Come, First Serve Required When Approving Tenants? – Video

Rentec Direct

Your tenant screening process will clearly outline the criteria you are evaluating in order to find your next tenant, but does the order in which you process rental applications matter? In some regions, it’s required for landlords to approve qualified applicants on a first-come, first-serve basis.

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Tenant Screening: How to Use Criminal Background Reports Effectively – Video

Rentec Direct

A criminal background report is one of the many useful reports you can use for tenant screening when evaluating rental applicants. You will learn what kind of information you will actually find on a criminal background report from a tenant screening provider and how you can use that information when making a housing decision.