Landlord Horror Stories and How To Select the Best Tenant

[@elephant637]

Brilliant information.

[@ClintCoons]

Thanks

[@smallwonder21]

Great video! Very matter of fact!

[@ClintCoons]

Glad you think so!

[@lavanyakala9593]

Great video !! Thanks so much

[@ClintCoons]

My pleasure!

[@titanicexpert]

Someones criminal record is in the past it's not any of your business

[@AA-zq1sx]

Yah and living in someones nice building is not going to be in your future.

[@parkerstutsman7181]

I did not ask my first tenants for bank statements but I will keep that in mind for future tenants. As a car enthusiast, I do focus on one aspect of my tenants, how clean is the car they drive? Are they okay with a trashed car full of waste, and will that be the fate of your property? Poorly maintained vehicles can definitely be red flags.

[@ClintCoons]

Great point.

[@Chucka10]

I have done that car check for 30+ years. I also ask them if they have their own washer and dryer, a lead-in question to really find out if they have a vacuum cleaner. 😜

[@JPPropertyConsultingLLC]

Before I get into my response, I want to let you understand where I’m coming from with this. I have decades of experience working at the large, statewide and national property management organizations. Here, we train our leasing agents the proper and right way to do things. Now, with that said, you want to stay away from evaluating a potential renter with subjective metrics. Your screening criteria (and evaluation process) needs to be 1) OBJECTIVE and 2) MEASURABLE. For example, your income criteria would never say “the applicant needs to make PLENTY OF MONEY, right? Here , you understand that this is neither objective nor is it measurable. The same goes for a “clean car”. If you don’t have the ability to precisely measure what a “clean car” actually is, my advice to the small landlords is ‘stay away from using this as one of your metrics’. That said, I understand where you’re coming from with this. However, it’s best to keep your evaluation process away from any ‘subjective’ metrics. I teach small landlords (via my website )on all sorts of topics that we train our leasing agents on. Many of these topics are things that never get taught to the small landlord/apartment investor, such as leasing safety protocol, helpful documentation practices, advertising dos and donts, application processing tips, creating proper screening criteria, etc. Jppropertyconsulting com

[@AdrianOrnelas1]

Awesome video thank you. Very informative & a great perspective on The current state of the rental market

[@ClintCoons]

Most welcome!

[@childchernobyl998]

Thank you for the great video!

[@ClintCoons]

Glad you liked it!

[@jeanalexandre1105]

From my experience keeping quality tenants is simple just don't over price your units. Example keep your price $150 lower then your competitors. This create a debate in your tenants mine

[@jeanalexandre1105]

Rule number one do a credit check do a 2 months security deposit this will scare most tenant because they don't plan on paying you anyways. Can't afford collateral damages as far as deposit