General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Help, can't get it rented, what am I doing wrong?
All, We have honed the art of scaring off potentially good tenants...Help! We have a very nice property, has been listed for 7 weeks, we have shown it ~25 times, we believe it is priced right. (we think it is, and others tell us it is.) We have had a handful of tenants come through, act very interested, tell us they are coming back with spouse or whatever...
I go through this same process every time... and every time after the email goes out (step 3)... communication stops. Note: These are people that are texting or calling back after they have seen it, there is real interest, after step 3 it goes away.
Step 1: Tenant Calls we set up showing
Step 2: They see it, like it, want to start paper work
Step 3: I send something like the following in an email
--- Begin Email---
Nice to meet you today, the following is a summary of what we discussed:
Rent: $1295
Deposit $975
Pet: $100 non refundable, $400 Deposit
The following is what I need to process your application:
Copy of each lessee's photo id
Copy of each lessee's most recent pay check stub
$35 application fee from each ($50 for married couple)
$975 holding fee - This holds the property and will become your deposit once you lease the property. This will need to be in the form of a money order or cashiers check so you will want to go to the bank tomorrow
The included files are:
004 and 005 I gave you in person, that's the criteria and application
007 Lease
009 Pet Addendum
010 Tenancy Guidelines
---End Email ---
I have my suspicion of what the problem is, but I don't want to taint your answers.
Thanks for any help, enjoy your day.