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Updated almost 7 years ago on . Most recent reply

User Stats

138
Posts
59
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Jeremy Marek
  • Evergreen Park, IL
59
Votes |
138
Posts

Your rental/ open house policy

Jeremy Marek
  • Evergreen Park, IL
Posted

Question for you Landlords out there: What is your process for showing a unit and screening tenants? I have heard that some landlords require an application and background (which would include a fee) before they will even show the unit. 

When an email or call comes in, I just let them know the open house date, without collecting any info. Is that not advised?

My reasoning is that since it's an open house and I usually have a number of people show up, if some show that aren't qualified, it doesn't really impact my time, since I am going to be there already anyway.

Have you found a better way? 

Most Popular Reply

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2,834
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Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
3,901
Votes |
2,834
Posts
Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
Replied

Q&A On Tenant Screening:

For Tenant, prior to scheduled showing:

  • 1.What is your preferred move in date?
  • 2.What is your monthly salary? We require 3 times monthly rent.
  • 3.Have you ever been evicted?
  • 4.Have you been convicted of a felony?
  • 5.Who would live here?
  • 6.We don’t allow pets, do you have any?
  • 7.If you like the property, are you willing to fill out an application for a credit, criminal, and eviction history report? It is at a cost of $40.

For Tenant, if they are interested in signing a lease:

  • 1.Fill out preliminary application.
  • 2.Verify application for 3 times monthly rent income, pay stubs, no felony, no evictions, at least 1 year on job.
  • 3.Query all adult names in state Courts Online system.
  • 4.Query Facebook.
  • 5.Query County Assessor page for properties in their name (foreclosure?)
  • 6.Contact last two prior landlords.
  • 7.If applicant passes preliminary screening, send online application ($40 fee)
  • 8.Review screening for 600+ credit score, on time payments, income, eviction and criminal history. View what types of debt and how much.

For Prior Landlord(s):

  • 1.How long were they tenants at address?
  • 2.Did they always pay rent on time?
  • 3.Is there a copy of the rent records to obtain?
  • 4.Did they, or is it anticipated, that they will get their full damage deposit back?
  • 5.Did tenant give notice to vacate, or are they breaking their lease?
  • 6.Would you rent to them again?

For Employers:

  • 1.Do they currently work for you?
  • 2.What is their position?
  • 3.How long have they worked for you?
  • 4.What is their current salary?
  • 5.Is continued employment likely? 

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