How do you screen for Tenants?

[Antonio Yong]

Hey BP community,

As we know, Tenants can make or break a rental property. Right now, I'm trying to improve how I look for tenants and my screening process. I highlighted where I look for tenants and my screening qualifications below. How do you advertise your rental and screen for tenants? What are your tips and tricks?

Advertisement: I use Kijiji (I always make sure to boost my ad for a week) and Facebook Marketplace

Rental Qualifications:
-650 credit score
-3x Income
-Stable Job (recession proof jobs are a bonus)
-Previous references
-No Pets

Quick Brandon Turner screening tip: look at the condition of the prospect's car (e.g., is it clean inside?)

Thanks for reading and I look forward to your input,

Antonio

[Roy Cleeves]

Review the application.  Is it complete and neat or sloppy and missing info - that is a red flag.

Check their credit - full Bureau details - do they pay their bills - how much credit do they own now.  Are their monthly payments too high for their income when you add the rent to it.

Google their name and look for their social media too - this will tell you the type of lifestyle they live.

Good luck!  Even great tenants have circumstances that change over time.