Do you deviate from your process?

[Nathan Gesner]

Applicant views a house we just listed. He's very interested and has "cash in hand" to move in today. I know this guy personally because he applied to rent from me a couple years ago. He had a good application but decided to rent from someone else.

Despite my knowledge of his history, his ability to pay, and his desire to move in immediately, I stuck with my process and required him to fill out the application. It took him a week to get me everything so I could process his application. I approved his application and he still hasn't put down the deposit four days later so the house is still sitting on the market.

I had enough information to indicate this guy would probably be a good renter. At the same time, it's a red flag any time someone attempts to convince me to speed up my processes by offering cash and a desire to move in immediately. Sure enough, the guy has an OK record but he sucks at communicating and is wishy-washy about what he wants. This indicates trouble and I'm glad we stuck to our processes.

Have you ever deviated from your process? Did it come back to bite you or did it work out?

[Nathan Gesner]

Originally posted by @Damaso Bautista:

@Nathan Gesner

Out of all of the professional landlords on here, you seem to be the strictest most by the book person.  So it surprises me that you even ask this question.  Stick with your process.  It is tried and true and gives you the best chance at getting the best tenant. 

It's just a conversation starter. I get tired of seeing the same questions about property management software or how to find a property manager. ;)