Keeping it ALL Business

[Jenny Drabant]

Just spoke with one of my new investor clients today.  He recently purchased a 2 flat that he is planning to live in and update in one unit while renting out the other.   (NEW HOUSE HACKER, CONGRATS!)  Anyways, we were discussing how to select an applicant to lease.  He wants my assistance (I'm a Realtor) in helping to find a qualified tenant for his unit but before a lease is signed he wants to meet with them first.  Now, I advised him one way and he agreed to proceed with that.  I am proposing the question to everyone else here just to start a friendly discussion and maybe get some different perspective.  I can see that there are definitely points to be made on both sides of the coin.

The question is:  After you have processed an application that meets your credit and income approval, do you have to "like" the tenant in order to proceed with renting to them?  (Take out the way off variables like "political beliefs, crazy cat people, or any other sort of non-conforming oddballs that you meet from time to time in the rental world.)  

Happy Thursday Everyone!

[Anthony Wick]

@Jenny Drabant

How would you even know if you “like” them or not? Are you having a date with them first? Set your criteria on minimum qualifications and rent to somebody that meets or exceeds those qualifications.