More Freaky Follies From Friday’s Rental Journal

[Jane S.]

NEVER remove for rent signs or cancel internet rental ads, until lease is signed, cash paid, and new tenants are in process of moving in!

I had an applicant whose application showed NO debt, NO loans, etc.

The screening showed debt of $165,000.00 (mostly student loans, had 14 of them)

Ex husband’s debt fell on her for some reason, she has 3 ~$1000 payments due monthly and her bank statements show mucho overdrafts. She Didnt bother mentioning this.  Too many accounts in collection, but for some reason, not a horrible credit score (586) go figure.

Turns out she has 5 kids not 3 as shown on her app. The other 2 wont be living with her, at least not next week but who the heck knows????? She also has extended family on east coast who she supports … she is driving to TN, back to OH, back to CO, and I dont have all her docs and shes not returning my calls/texts. She has to be out of current apt Tues morning and there’s nothing i can do unless she’s willing to explain her nasty debt/income numbers … i doubt thats gonna happen, when I ask the tough questions they either change the topic or hang up.

Sounds like a wonderful choice, right? Just what i need in my landlord life  …

[Matt Ziegler]

Jane,

Sorry to hear of your challenges. We make it a practice to pre screen our prospects.

The First message they hear( when calling on a property) states our rental criteria. This weeds out a lot of folks, and let’s us focus on qualified tenants.

Best of luck,