All Forum Posts by: Jeyo Punnakottil

@Josue Vargas Thanks for your input

@Matthew Olszak Thank you

@Theresa Harris Thanks for the input.

@Johnathon Sesi No but what i was trying to do is prevent too may unwanted showings to under qualifed .

@Mark Faustrum Thanks a lot .It was really informative.

@Jill F. Thanks a lot for the input.Really valuable.

So confused on how to proceed .Here is a nutshell.I have a ppty ready for rent.Been on market for 20+ days .Getting tons of showing request but most if not all donot pass my initial screening terms which are

1. Credit 680+

2. Income 3x rent

3. No evictions

4 .No aggressive breed pets

Finally a couple passed the screening .They came saw the house n fell in love.But once applications came in red flags started popping up

One candidate is perfect but other is not .Here are there screening results

1st candidate

790+ credit

Makes 4x rent

Been on current job for 18 yrs

No pets

No evictions

Credit report has nothing serious

2nd candidate

620 credit

Makes 1.8X rent

No pets

Couple of late payments on credit report and those are in past 3 yrs

Been on current job for 3 yrs

4 collections on credit report

No evictions.

Interesting things to note about applicant 1&2

Both are not married in sense they claim single status on application

Both work at same place under one boss .

Both are living in separate apartments .Coming to live together under 1 roof in my rental.

The 2nd candidates current landlord (apartment)says she owes 800$ in cleaning fee as she left 7 bags of trash and dirty carpets and messed up cabinets, she paid rent on time but didnot put a security deposit so they cannot collect the cleaning fee.

Will you rent to these applicants .If so what precautions you will take? especially when drafting lease and taking security deposit.

@Jared Garrison That is a brilliant idea to ask to submit a no fee application @ first and after i weed out the unwanted and show the property to the qualified i can ask them to submit the application fee only to the highly qualified tenants.Brilliant.This was what i was thinking in the back of my head too.

@Joe Splitrock Thanks so much for the reply.The pre screening questions you suggested is much valuable so i can weed out who qualifies for a showing.

@Bob Okenwa Its a rental listing and rents are 150-150$ above market rents in the neighborhood.Overwelming amount mightbe a little exaggerated term.I listed the ppty a week ago .I already got 7 showing requests.Because me and my family are living there currently and i have a newborn baby i am reluctant to let everyone come in and see the house .Coulnt i ask them to submit a rental application online and then pick and choose the ones that fit my criteria and let them in for a viewing of the house ?

My criteria is simple.680+ credit score,Income= 3X rent

Or should i call each one of them and do a get to know session either a zoom call or a normal call and figure these things out from the conversation.