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Updated about 1 year ago on . Most recent reply

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Sergio A. Chucaralao
  • Investor
  • Teaneck
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Votes |
47
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What questions do you ask in the pre-screen, for potential tenants?🤔

Sergio A. Chucaralao
  • Investor
  • Teaneck
Posted

Hello BP community,  I self manage my properties and will be soon completing a full gutt renovation. I am looking to open a conversation about the pre-screening for potential tenants. I currently have a 25 questions page to be filled by every potential tenant.  After I interview them it will be decided who will go to the next step which is  having them do thier  background and credit check.  What questions do you ask in the pre-screening? And how many properties did you have, when you decided to handed to a property management company?

Thank you all in advance for your input!

Happy investing!

Most Popular Reply

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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
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Charles Carillo
  • Rental Property Investor
  • North Palm Beach, FL
Replied

@Sergio A. Chucaralao

I have never done a pre-screening questionnaire, or even heard of it. When I self-managed C Class properties, I would put the requirements for tenancy in the rental listing (3x rent in income, 1-month security deposit, criminal check, etc.), and then when the potential tenants called in, I would speak to them for a few minutes, explain the requirements, get some sort of verbal confirmation on some or all of the requirements, and then invite them to different showing times I had set up. If they liked the apartment, they could apply (pay the application fee per adult, and complete the application), and I would perform screening, and provide an answer within 24-48 hours.

This process allows for a few different filters. First is the initial call. You will filter out people just by talking to them for a couple of minutes (people trying to negotiate your terms, storytelling, or people being just plain rude). 

The next filter is them showing up at the set time for the apartment showing. I usually would put the appointments 15 minutes apart, and do a few at once unless I get a very good feeling about an applicant. 

The next filter is them applying. They like the unit, they like the neighborhood, etc., and they are willing to apply. They are putting money out there to get approved.

The final filter is your screening after they formally apply. 

With C Class properties, you will start with a large funnel to get it down to a couple of actual people showing up to see the unit (and no one else will call to formally cancel). The goal of this whole process is to find good tenants who will pay rent on time, respect the property, and respect their neighbors. 

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