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Minnesota Real Estate Q&A Discussion Forum
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Updated over 7 years ago on . Most recent reply

User Stats

164
Posts
30
Votes
Kelly Conrad
  • Real Estate Investor
  • Minneapolis, MN
30
Votes |
164
Posts

Feeling a little nervous about lack of qualified candidates

Kelly Conrad
  • Real Estate Investor
  • Minneapolis, MN
Posted

We've had our duplex since October 4th, and listed our list unit (2B/1BA) on November 7th at $1,000 and tenants split electricity and gas.

We've had lots of interest, but the problem seems to be that folks aren't meeting our qualifications. I just updated all of my postings saying we'll accept pets in hopes that maybe someone qualifies but they have a pet, but it's getting to be a crap time of year and I'm worried about our standards.

Has anyone else ran into this? Rent is actually a little below what others have posted around so it's not a price problem, it's a quality problem. What else can be done to help move things along? Posted in the following spots:

  • Craigslist
  • Trulia
  • Zillow
  • Apartments.com
  • Cozy
  • TenantCloud
  • Nextdoor (in my own neighborhood though, apparently since I don't live in my rental I can't join that area's Nextdoor?)
  • Hotpads
  • My New Place
  • MSN
  • AOL Real Estate
  • Doorsteps.com
  • Realtor.com

For the extension list of what our qualifications are, you can find them on our website: https://www.conrad.rentals/rental-application

All ideas are welcome, thank you!!

Most Popular Reply

User Stats

34
Posts
8
Votes
Miller Josh
  • Investor
  • Detroit Lakes, MN
8
Votes |
34
Posts
Miller Josh
  • Investor
  • Detroit Lakes, MN
Replied

I think it's the list of qualifications that is scaring people off. In the ad it's self I would just simply say that "we do an in-depth criminal and reference check (must have good references!)." And state whatever your requirements are for income..... for example "your household take-home pay must be two and a half times the monthly rent". I personally like to meet the applicant when they turn their application in because I feel like I can get a good feeling of what type of person they are... versus just what they put on paper. But I've been wrong plenty of times also! Hope that helps! 

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