How To Find And Keep GREAT Tenants! [Step by Step Guide]

What makes a great tenant? How do you find a great tenant? How will this impact your income? All of this and more will be answered throughout this video! Hint: The vacancy will kill your return on investment for a rental deal. The best way to keep your deals profitable is to fill them up with good tenants and keep them happy! Watch today's video to find out how to do it! Please comment below with any alternatives you've used, I would love to hear them!
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[@DeRosaGroup]

How are you keeping great tenants and reducing your vacancy? Let me know in a comment down below! 📘Grab Your Copy of "Raising Private Capital" Available now on Amazon amzn.to/2LkYEi7 As always, please email us any real estate questions to [e-mail] and we will answer them on an upcoming episode! Buy and Hold Real Estate Investing kzbin.info/www/bejne/gKvLnIqertiml68 Getting Started kzbin.info/aero/PLwMizf219eEKkqO6f1veboEdlNVaKgsMV Facebook: facebook.com/thederosagroup/ Website: www.derosagroup.com/

[@vittorioimb2928]

Matt, I just want to thank you for all the work you do in your videos and in your real life. I'm learning alot from you. And pretty soon I'll buy my first multifamily...

[@edshalda4520]

I think the giveaway is a great idea!

[@spondoolie6450]

Step #1: don't FU@$%G steal their security deposit after you've been paid in full on time every month for 2 years with no complaints and left the place clean after a 2 month notice.

[@conservativemacro80]

Sounds like you broke the contract.

[@spondoolie6450]

​@@conservativemacro80 Exactly ... don't break the contract. I don't know what that has to do with what I posted, but yeah ... don't break the contract.

[@r16ramirez1]

You have some great ideas that I might used for my business thanks you sir

[@DyJKevin]

Hey, great ideas! you're so creative :D

[@jakobh6257]

Thank you for all of the great info 👍

[@dianecelento4974]

Great people know great people. Well put.

[@DeRosaGroup]

Thanks! To hear more about what we are up to go to www.derosagroup.com!

[@kirneyc.thibodeaux649]

Yes I did learn from this vid. Thought it was great and well presented. Thanks...Charles

[@DeRosaGroup]

Your welcome!!

[@dianecelento4974]

This was clearly put and easy to understand

[@DeRosaGroup]

Thanks! Love your thoughts, your awesome. Here's some free goodies. Just text DEROSA to 66866 for several hours of video training, articles, and other stuff you can't get anywhere else. Enjoy!

[@TheFame5000]

I have credit card debt so my credit score is not attractive but I’ve never been late or missed a rental payment. I think credit score checks are overrated. The landlord should only check for three things: Rental evictions, criminal history and income.

[@DeRosaGroup]

I would agree, to a point. If the tenant has a large amount of debt but is able to make their monthly payments each month and keep that debt current, it's usually ok.

[@dominicbecs1343]

I am getting out of the army and looking into buying a duplex this was very useful thank you

[@dtrustyles702]

get a 4 plex with your va loan

[@jimmyocegueda4033]

Thank you for the free training. Love your videos

[@DeRosaGroup]

Excellent! Thank you JImmy! Stay tuned for more excellent content in the works!

[@fh485]

Great advice, well done and thank you.

[@DeRosaGroup]

Thanks! Have you read Matt's book yet? If so, please leave it a review on Amazon! Here's the link: www.amazon.com/review/create-review/?ie=UTF8&channel=glance-detail&asin=B07G4J5TMY

[@cuarajhyrojayju4397]

Shared in my social media, great video ty😊

[@DeRosaGroup]

Thanks for sharing and tuning in!

[@mitchmangum1915]

Great video! I like the tenant appreciation idea. I’d like to know more about how you generate leads online.

[@DeRosaGroup]

Thanks, glad you liked it! There are some other vids on attracting tenants on the channel, we hope you enjoy them also!

[@shelleygreyrealtor]

I love the idea of asking for referrals!

[@nixodian]

Shelley Sheri how can you ensure referrals are genuine?

[@crand20033]

Some of them don't qualify income-wise.

[@jeanenviedapprendre]

@@crand20033 he said he pays referrals IF they sign a lease, which means they have qualified. If you get sub par referrals, don't accept them and you'll pay no referral.

[@crand20033]

@@jeanenviedapprendre I have found that even if they have an adequate income that does not mean they will pay rent. I rent rooms out of my house and have had a lot of horrible renters.

[@captnjaygreybeard6394]

Thanks

[@lvteachme973]

Great tips! Helpful.

[@DeRosaGroup]

Thanks! You would do well in our Insiders Community. It's direct access to Matt and his team, weekly masterminds, and an inside look at a growing real estate company focused on raising capital for apartment building deals. Join us at www.derosagroup.com/insiders

[@chinoc7046]

You guys seem sooooo positive, and I love that!!!😁😁😁

[@DeRosaGroup]

Thank you!!

[@jaypowelljr2714]

THANK YOU SIR

[@DeRosaGroup]

Credit Repair you are welcome!

[@CreativeSoul333]

Great advice!!!! Thanks :)

[@DeRosaGroup]

You're so welcome!

[@vaytray5510]

yes yes and yes

[@pashminagal]

Great tips... Thanks!

[@DeRosaGroup]

Thanks! You would do well in our Insiders Community. It's direct access to Matt and his team, weekly masterminds, and an inside look at a growing real estate company focused on raising capital for apartment building deals. Join us at www.derosagroup.com/insiders

[@sparkey4293]

I am landlord of a single family home in a nice downtown area of southern california. I am here because the last 3 tennants I have had stayed between 1 and 2 years then left because they purchased homes. The home rents out very fast I run an add on craigslist for half a day and get about 6 applications. I have been selecting someone with a great credit score and income. So am I just having bad luck, or should I be picking less affluent people who can't afford to buy a house?

[@DeRosaGroup]

Great point. I think that if you are in a high priced area, and you select high credit high income people, they will only want to rent for a little while so that they can get their feet on the ground. If they have good credit and income, they can buy a house once they settle down. I see two choices - start doing rent to own and sell them the house they are in, then go do a 1031 exchange on your own, or you can lower your rental standards on credit score but keep the income standards and you will likely attract people who won't be buying a house any time soon. This is a great topic, you want to come on the air with us shoot a line to [e-mail] to come on our Mentorship Monday show.

[@janaynicole4217]

Thanks for this!! New Subscriber here

[@DeRosaGroup]

Thank you Janay! Sorry for the delay, but make sure to get notifications for new videos twice a week like tonights video: kzbin.info/www/bejne/qnXUpoKkl69pmcU We just closed on a bunch of properties so we have a lot more content coming soon!

[@user-do2ev2hr7h]

I think it comes down to the fact that renting is a two way street. As much as every landlord wants great tenants, the other side of that is that great tenants generally have their pick of landlords/rentals so landlords have to stand out from the pack as well. In short, I think the "be a great landlord" point is the crux of things here.

[@DeRosaGroup]

That is a very interesting point of view.

[@genew5758]

I let my tenant paint the walls in my condo. I didn’t like the color of the walls when I purchased the place; so I told her she could change the color. I paid for the paint and she painted it herself.

[@DeRosaGroup]

Great idea!

[@dianecelento4974]

We've been mom and pop landlords for about 10 years. And I was wondering about something. We've recently asked a tenant to move out by a 60 day notice, due to a family member moving in. When that tenant moves out, do we have to have them sign something saying they are moving out that day? Just to officially show proof when they moved out. I'm just wondering if that is the law.

[@DeRosaGroup]

I've never seen a signed statement showing they moved out, because most tenants move out and move on. They also move close to the end of the lease, at which time you get possession of the property back by law.

[@TJ30100]

How do I do a credit report on a prospective client? Or a criminal record check?

[@DeRosaGroup]

There are tons of web services that can run checks for you. Just do a Google search and find the one that checks the data you are looking for

[@crand20033]

You could ask if the tenant would be willing to sign up and login to credit Karma together, it's free.

[@twaye30]

I've been a tenant at my landlords home for 13 years. He told me that I could purchase it from him if I'd like to. I am looking forward to securing a mortgage for this home later this year. The house is valued at $78k

[@DeRosaGroup]

Good luck! You got this!

[@twaye30]

@@DeRosaGroup Thank you. My FICO Score is currently 610, I just paid off 2 of my 3 credit cards last week with my stimulus check. I still have $18k left on my car loan. Been on my job for almost 5 years. Income is $1,640/month. I wonder what options I will qualify for as a first time home buyer with my numbers. What do you think?

[@shellycollorone3703]

Those who bang doors are disrespectful having no respect or ungrateful for the planet in general. Pets as well as human's can jump as a startling movement from vibrations. They're very much ignorance at it's best. Poor air circulation in vents are supposed to work properly at all times especially in bathroom having no windows. Management shouldn't get paid until all job assignments reported are repaired otherwise they're getting paid ignoring the need for the job titles they claim, which only says they're underqualified if they're not repairing or reporting maintenance responsibility issues, just stating the facts.

[@Cali_Girl1]

I wouldn't mind being one of your Tenants. 😊

[@DeRosaGroup]

That's a great compliment thank you

[@massqrs4900]

Thank you

[@guzman9011]

Month and a half security deposit

[@Postofficejoe]

Its called a damage deposit in Canada and us landlords are not allowed to collect more than 50% of the rent by law...sucks.!

[@odysseyofjason]

Good video but if you think the ability to get online indicates "sophistication" or a "certain caliber" of person then you've obviously never been online. . . I mean seriously, pick up a comment section once in a while.

[@mic01]

Im looking to rent out the condo I am in now and this my biggest fear is somebody not paying or wrecking the place.

[@DeRosaGroup]

Make sure you screen them properly - check credit, income, criminal background. It will lower the risk of these things.

[@Postofficejoe]

98 - 99% of tenants will put considerable "wear and tear" on your property... about 80% will skip out on the last month rent when leaving.. many will squat for a few months while you get your court dates.....lets get real.

[@nancydavieau4951]

Post office joe - I would certainly hope not that high a %

[@Postofficejoe]

Been a Landlord for almost 18 years .. trust me.

[@nancydavieau4951]

Post office joe - I know it happens but I had no idea that often

[@nixodian]

how can you ensure referrals are genuine?

[@crand20033]

Screen them. Ask questions.

[@nixodian]

David Crandall best questions to ask to see if they’re authentic ?

[@crand20033]

@@nixodian What is your situation? Where are you living now? Did you read the ad? Why are you moving? Have you rented anywhere before? Would your previous landlord rent to you again? Where do you work? What are you making (2.5 X)? What is your credit like, score? (600 to 650) ? When are you looking to move? Do you smoke? What kind of car do you have? Any evictions or criminal history?

[@crand20033]

I got a referral from a great tenant and he turned out to be a horrible tenant who never paid the rent. He hated living in my place and never paid for it.

[@DeRosaGroup]

Sorry to hear that!

[@twaye30]

Giveaways: My landlord used to give away turkeys for Thanksgiving 😊

[@DeRosaGroup]

Awesome landlord! I've heard of this as a nice "Thank You" to tenants during the Holidays also. Thanks for sharing!

[@constanceburris5058]

What s a great landlord

[@DeRosaGroup]

Good question. It would say that a tenant would be the best to answer that one along with a landlord that keeps their properties in good condition, respects their tenants, abides by the laws and local codes, and treats all they work with with respect.

[@tiffanyhouston936]

Being online isn't all that special anymore. A cheap phone and Wi-Fi is all you need. And just about everyone has a phone. Starbucks and many others have free Wi-Fi

[@conservativemacro80]

True but I it filters out all the old addicts that may just have a phone but isn't technology advanced. Crack heads are good to keep away

[@PORTMIAMIMIKE]

A great tenants are the ones with the 680⬆️ credit score🤣🤣🤣🤣🤣

[@DeRosaGroup]

They are out there

[@josephhood1591]

informative video, but invest in a stand for your video.

[@DeRosaGroup]

Thank you!! We have one now, sorry this one was shaky!!

[@crand20033]

What a great landlord? I think it is someone who knows how to collect rent and stay out of the tenant's business?

[@DeRosaGroup]

Good points, so long as the tenant is taking care of the property and upholding their end of the deal also

[@mjp5429]

Aw yes, the their money ain't green enough because they pay their bills and have no debt and therefore no credit score, speech. Personally if someone has no credit score, thats a good thing in my eyes. It means they are up on bills, responsible with money and not borrowing money left and right. If money gets short they'll pay rent last. Ask me how I know. The less they have in their budget, the less likely they'll pay you.

[@conservativemacro80]

Credit score doesn't mean much but not having credit at all is a dumb idea. I buy everything with credit cards and I've never paid a dime in interest and I put over 50% of my income aside to start buying rentals

[@mjp5429]

@@conservativemacro80 The point stands. If you require a credit check you are greatly reducing your pool of tenants. And while ignoring much better "tattle tale" signs of poor renters.

[@sky2399]

Never rent to friends or family you'll never get great tenants like that

[@DeRosaGroup]

If you do rent to friends for family, make sure to use a lease and use the same documents as you would for a stranger. I've seen many people get burned and loose friends and family members over handshake rental deals!

[@jdantigua1999]

What are legislators thinking with a irrational moratorium. So stupid. 75% of ALL adult Americans live paycheck to paycheck. Stop the insanity and live within your means, learn to save. Property owners MUST have a relief bill as well.

[@DeRosaGroup]

Preach on! I hear you. We started giving our tenants a free subscription to Ramsey plus. It's a budget tool. And fyi the cdc just expanded the moratorium till june 30!

[@paulpi3118]

Don't rent to Park State Cops

[@DeRosaGroup]

Thanks for the tip, LOL!!

[@913mann]

Never let them paint unless you are a slumlord

[@Postofficejoe]

Tenant paint jobs are the absolute worst .. trust me.

[@shellycollorone3703]

Definitely untrue, I had a landlord that was so nice he was so caring that the water bill gotten out of control as he was helping with washing machines in all units, they were filling up pools all summer taking advantage of him. I wish more landlord's were like him, he let me paint as it looked so much brighter & cleaner.

[@conservativemacro80]

Hire a professional painter to paint the house, not the tenant. Although the "painter" that painted my supervisors duplex he rents did a really shitty job

[@Ghost-oq4qj]

get a tripod

[@DeRosaGroup]

Thanks!

[@petrtaticek414]

Thanks