Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

62
Posts
12
Votes
Joe Conklin
  • Investor
  • Blackwood, NJ
12
Votes |
62
Posts

First Turnover - Steps for new tenant

Joe Conklin
  • Investor
  • Blackwood, NJ
Posted

It's been a couple years since I have rented my unit and this is my first turn-over.  I'm showing the unit this week and just want to review steps to make sure I'm not missing anything.

Steps:

1. At the showing I will have rental applications where the prospective tenant can fill out at the showing.  If they don't fill out at the showing they can email it to me later.

2. After I receive the filled out application I will use SmartMove to send them an email and do the background check.

3. I will let them know I need last two pay stubs to verify income.

Is there anything I'm missing or additional that I need from the prospective tenant?


Most Popular Reply

User Stats

2,371
Posts
1,086
Votes
Michele Fischer
  • Rental Property Investor
  • Seattle, WA
1,086
Votes |
2,371
Posts
Michele Fischer
  • Rental Property Investor
  • Seattle, WA
Replied

Basic steps are correct, here are a few other things to consider:

Many areas require that you provide your criteria, especially if you will be charging application fees.  We normally include this in the application packet along with info about the property & lease.  Do you have clear in your head how you will evaluate similar applicants?  We ask for pay stubs but also try to otherwise verify employment.  Does SmartMove call prior landlords, we like to dig around to find out all we can from declared and undeclared landlords.  Do you have pet policy, maximum occupancy and holding deposit sorted out?  Sure your agreement language still complies with local tenant-landlord law?

  • Michele Fischer
  • Podcast Guest on Show #79
  • Loading replies...