![]() ![]() Have a firm understanding of fair housing laws and the spirit of fair housing. Once you’ve touted how fabulous your home is, very clearly state your application process and tenant selection criteria. ![]() Be on the lookout for both types.īe clear in your listings about applicant criteria requirements. That charm disappears once the honeymoon (contract ink dries) is over.Īnother Fun Fact – If you get a bullying prospect, that also can be a method of getting what they want through the use of aggressive behaviors that can make you feel that you have to rent to them. This makes it harder for you to refuse someone you’ve already bonded with. I say “pet the puppy” to mean the time after you have met your prospective tenant and started liking them, imagining them living in your home, and discussing the plan with them.įun fact – Scammers and bad renters go out of their way to charm prospective landlords with promises of taking care of the home as their own – yada yada yada. Set the tone early so that you don’t have to do it after you have already pet the puppy. Put your game face on! The one you use on the car salesman, but with a slight smile. Since most leases are for a year term, tenant selection is the single most important decision in determining if you have a good year or bad. This doesn’t even consider your peace of mind. There is no point in owning investment property if you take risks that negate your value and the income your home generates. Protecting yourself means protecting your rental and in-turn, your wealth. ![]() Most people can understand that before you look out for others, you must look out for #1. A rental home is a business, and you must treat it as one. Posted on Febru| Education/Informing, Marketing, Property Management Blogįirst of all, it isn’t about “nice” it’s about putting your needs first. ![]()
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