All Forum Posts by: Jeremy Marek

@Bill Brandt I completely agree! 90% for 7years is a steal. It's a no brainier to avoid the vacancy and turnover cost

Do anything but what @Ray Harrell said... why piss them off? so they can destroy the place before they leave? Like others have said, if you do not want to rent to them again, it is within your right to deny them a renewal. If you don't want the conversation to be awkward, you can just tell them you want to do more repairs and want the place vacant, or better yet have your PM do it, since that is what your paying for

@Jon Holdman That pretty much answers my question. Wasnt sure if it's worth keeping an app open for future units or if it's a waste of time

@Susan H. They are qualified, but applied after another qualified applicant. I was curious if others would keep that application for another unit, or just automatically trash all applications and start over with the new unit

@Thomas S. No need for your negativity here. I have a qualified applicant that happened to apply after another qualified applicant. Since the first applicant in line was chosen, I wanted to let them know that the specific unit they applied for isn't available, but we may have another unit coming up in the near future. (different floor, but same number of beds/bath). So, if you want to say they were "rejected" for the unit they applied for, then fine. but calling it a lack of management skills is unnecessary.

Is not selecting an applicant for a given unit, but keeping their application open in case of other vacancies (for example the application would stay valid for 30 days), the same as a denial?

@Korie Apgar I feel the same way. Maybe it is different for highly desirable areas (like downtown Chicago), but this building is in a middle class suburb. I wouldn't want to pay $39 just to SEE if I want to live there... So you basically do the same thing? take emails, phone calls, tell them the open house dates and then they can apply after seeing the unit?

Question for you Landlords out there: What is your process for showing a unit and screening tenants? I have heard that some landlords require an application and background (which would include a fee) before they will even show the unit. 

When an email or call comes in, I just let them know the open house date, without collecting any info. Is that not advised?

My reasoning is that since it's an open house and I usually have a number of people show up, if some show that aren't qualified, it doesn't really impact my time, since I am going to be there already anyway.

Have you found a better way? 

@Phil Wrigley : Sarasota can work as a VRBO style investment, but it will depend on where you purchase. I would recommend getting closer to main attractions/beaches. Other areas to look at would be near Siesta Key, Long Boat Key, etc... they are nice areas with frequent vacationers

@Kyle Bryant Thanks for the info!