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Updated 1 day ago on . Most recent reply

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Nicholas Jackson
30
Votes |
56
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Prequalify possible applicants for my rental RentRedi

Nicholas Jackson
Posted

So I have recently listed my rental unit on various sites. I have been using RentRedi as a way to do all the screening and applications. I have been getting a lot of interest and inquiries pretty quickly into my rental. I have been referring the people to the prequalification form that RentRedi uses prior to setting up a viewing. I have not gotten anyone to complete the prequalification form even with all the people that have asked about its availability. My question is, for those that are familiar with Rent Redi, are the instructions to confusing for most people to follow and fill out the prequalification form and I should simplify the process, or should I consider the instructions of the prequalification form a way to weed people out and if someone isn't willing to follow through with those steps I should consider that in the type of tenant they well be? Appreciate any insight!

Most Popular Reply

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Dereck Olson
  • Rental Property Investor
  • St. Louis, MO
1
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Dereck Olson
  • Rental Property Investor
  • St. Louis, MO
Replied

Hi Nicholas,  

Just a thought from the possible tenant's perspective, but filling out a prequalification form and/or providing personal information before they have even seen a place and know if they will be interested in living in the property might be a bit too much to ask. 

It may be worth letting them know about the prequalification requirements (credit score over xxx, salary above xx,ooo/year, etc.) in advance to weed people out. Once they have seen the property and are interested, the prequalification and background checks will do the rest of the work in weeding out undesirable tenants for you. 

If you are having a lot of interest and you are trying to avoid multiple showings that take up too much of your time. You could also consider an open house showing. 2-3 hours on a weekend may allow a number of the people who have called and are interested in the property, to come in and all have a look as their time allows. This may also create some competition for the space and urgency to get the documents back to you. You can also better explain the application process to them in person during their visits. 

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