All Forum Posts by: Amanda Kessler

In my opinion, vetting tenants is the most important part of the rental process, because there isn't a bigger contrast than renting to a good tenant vs. a bad tenant. Bad tenants don't pay rent on time, damage your property, and might even commit crimes in your house. While it's impossible to be 100% certain someone will be a good tenant, there are a few steps that I always take:

-I start by having an open house for my property where anyone can come and see the place. Usually people that are seriously interested will make it known to me after the tour the house. If they seem like they really like the place, I'll invite them over for a personal tour. I do this because I like to get to know my tenants, and it's important to use your better judgement to see how they carry themselves. I don't let first impressions make my mind up completely, but it definitely helps me make my decision.

-After a potential tenant makes it aware that they want to apply, I charge them an application fee that I use to pay for a tenant screening. I personally use https://www.myrental.com because they give you a "tenant score" which takes all of their information and ranks them based on their rentability.

-Lastly, I always ask for 2 references, preferably from previous employers or landlords, who will tend to be unbiased in their evaluations. I've found that family and friends are inclined to twist the truth in order to help their loved one get offered a lease.

After all of these things, if the tenants pass my tests/meet my guidelines, I offer them a lease. It's important to know that every landlord is different and has different guidelines, so with experience you will start to develop your own screening process. Good luck!

I have a company that does it all. It's so much easier hiring a general contractor than finding specific companies to do everything. 

You really don't need an agent, but if you feel like you need representation then go for it. 

D class is something that I would stay away from. No matter what. 

Wow. What an amazing story. Sometimes life just sh**s on you and it seems like you've given it right back. 

Could be anything from the family not wanting to sell anymore, to problems with banks, etc. 

You should try finding an international investor. 

The first deal is so good. Congrats! But I'm sure nothing feels as good as just making profit on the 2nd one. I bet that was stressful

You should start with a general idea of what you want, then the architect and builder will discuss the exact dimensions and designs.

I personally use https://www.myrental.com/ for all of my tenant screenings, and while you need an email address for the Premium and Premium Plus packages, the basic package only requires the applicant’s full name, address, date of birth and Social Security number. The basic package includes eviction history, previous address history, and criminal background check, so you'll have to get a credit report from elsewhere. Of course, you could also ask the potential tenant if they could use a relative's email so that you can run the premium screening.