Leasing Process

[Ed L.]

Just seeing if some of the experienced BP members who manage SFR rentals could walk me through their process of advertising, showing, screening, and selecting rental applicants.

I'm just finishing the rehab on my new rental, and unfourtnately my other SFR tenant is having to move earlier than planned.

Now I'm stuck renting 2 homes in November which is kinda the slow season from what I gather.

[Kyle Meyers]

I do things similarly to Jon.

Sign in the yard and ads online at Craigslist, Zillow, etc. directing prospects to my website.

I have a rental hotline on my phone giving basic info on the available units. If prospects are interested or want more information they leave a message or complete an app on my website.

I set up appointments once or twice a week to show the unit.

Interested applicants complete their application on my website and I pull credit reports on all applicants. I review their app and let them know if they are approved.

Once approved, they bring a money order for first rent and deposit and we sign the lease. Take lots of pictures of move in condition and they get the keys.