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Updated almost 5 years ago,
Finding a roommate/Tenant
Hello, I am new to Real Estate investing and eager to learn much as I can about real estate investing. To be honest i am not sure where to start the journey so I thought it would be best to rent out my spare bedrooms. I am following the direction from "The book on Managing Rental Properties." However i am having little bit of trouble finding a roommates/tenants. People are contacting me but once i ask them to fill out the Rental Application, I don't hear back from them.
One thing that I believe might be turning away future roommate/tenant might be due to long rental application. And the application requests sensitive information like SS, Dob and License number. which is for Credit and Background Check (using rentprep). If that is the case why applicant loses interest, I understand. I wouldn't feel so safe providing this information to a person that i just met through Craiglist or Roomster. I tried providing my linkedin profile and link to county website showing that i own the property but i am not getting any call back.
Has anyone ran into this situation? is it too much to have a long application process or requesting sensitive information for a Roommate?
I greatly appreciate your time and help.
Thank you
FYI: I am using application that Bigger pockets have created.