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All Forum Posts by: Kelly Conrad

Kelly Conrad has started 50 posts and replied 161 times.

Post: Feeling a little nervous about lack of qualified candidates

Kelly ConradPosted
  • Real Estate Investor
  • Minneapolis, MN
  • Posts 164
  • Votes 30

Thanks everyone! So since posting on Facebook Marketplace my phone and email has been blowing up. I've also slashed the requirements listed on my website and re-formatted it in hopes that it's not so intimidating anymore. 

We've had 3 viewings today and have several others scheduled throughout the week. They all said they were going to apply (minus one who unfortunately doesn't have a SS or verifiable income) so it's something! Thanks for all the tips :) 

Post: Feeling a little nervous about lack of qualified candidates

Kelly ConradPosted
  • Real Estate Investor
  • Minneapolis, MN
  • Posts 164
  • Votes 30

@Dustin S. I'd guess if it's something major in their criminal history I'd probably deny them anyways. I'll leave that to their interpretation, or they could just ask, I suppose.

I was going to put them on a 6 month lease to get to May (positioning it that this time of year isn't great to move, so once we get to May if everything is great we'll move to yearly to make things better for them).

So far the non-smoking criteria hasn't been an issue. Since posting on Facebook market place I can't keep up with requests. How many of them end up being fruitful...we shall see :O 

Post: Feeling a little nervous about lack of qualified candidates

Kelly ConradPosted
  • Real Estate Investor
  • Minneapolis, MN
  • Posts 164
  • Votes 30

Thanks @Brian Adzadi! This is why I posted, it's nice to get some feedback! I've made those changes and hopefully now we'll start getting some better results :) 

Post: Feeling a little nervous about lack of qualified candidates

Kelly ConradPosted
  • Real Estate Investor
  • Minneapolis, MN
  • Posts 164
  • Votes 30

@Brian Zaug Do you know if there's a way to list from a business page? Our LLC has a page and I've been trying to find how I can list on Marketplace with that rather than my personal account.

Post: Feeling a little nervous about lack of qualified candidates

Kelly ConradPosted
  • Real Estate Investor
  • Minneapolis, MN
  • Posts 164
  • Votes 30

@Account Closed The smaller one has had more hits since it's been listed longer, probably 15-20 have reached out in some way. The bottom unit has had 2 or 3 folks reach out since it was posted on Wednesday.

Post: Feeling a little nervous about lack of qualified candidates

Kelly ConradPosted
  • Real Estate Investor
  • Minneapolis, MN
  • Posts 164
  • Votes 30

@Brian Adzadi Those were all the qualifications our lawyer wrote out, I just assumed it had to be like that. We've had a ton of viewing requests, but we've said we'll only show to those who meet our requirements (2 so far, the 3rd today ended up bailing). I'm happy to not have the whole long list, I just thought it was legally required to look that way.

I like the idea of removing all of that verbiage as public facing but letting it be a guide for us internally as we screen. It seems to be a theme of shortening qualifications as folks might be intimidated. 

Post: Feeling a little nervous about lack of qualified candidates

Kelly ConradPosted
  • Real Estate Investor
  • Minneapolis, MN
  • Posts 164
  • Votes 30

Thanks @Miller Josh! I'll give that a go now!

Post: Feeling a little nervous about lack of qualified candidates

Kelly ConradPosted
  • Real Estate Investor
  • Minneapolis, MN
  • Posts 164
  • Votes 30

@Miller Josh It's our only property, both units are currently vacant. We listed the larger unit on Wednesday of this week.

Post: Feeling a little nervous about lack of qualified candidates

Kelly ConradPosted
  • Real Estate Investor
  • Minneapolis, MN
  • Posts 164
  • Votes 30

We've had our duplex since October 4th, and listed our list unit (2B/1BA) on November 7th at $1,000 and tenants split electricity and gas.

We've had lots of interest, but the problem seems to be that folks aren't meeting our qualifications. I just updated all of my postings saying we'll accept pets in hopes that maybe someone qualifies but they have a pet, but it's getting to be a crap time of year and I'm worried about our standards.

Has anyone else ran into this? Rent is actually a little below what others have posted around so it's not a price problem, it's a quality problem. What else can be done to help move things along? Posted in the following spots:

  • Craigslist
  • Trulia
  • Zillow
  • Apartments.com
  • Cozy
  • TenantCloud
  • Nextdoor (in my own neighborhood though, apparently since I don't live in my rental I can't join that area's Nextdoor?)
  • Hotpads
  • My New Place
  • MSN
  • AOL Real Estate
  • Doorsteps.com
  • Realtor.com

For the extension list of what our qualifications are, you can find them on our website: https://www.conrad.rentals/rental-application

All ideas are welcome, thank you!!

Post: Renting to someone with Chapter 13 BK

Kelly ConradPosted
  • Real Estate Investor
  • Minneapolis, MN
  • Posts 164
  • Votes 30

Hello!

I know there are several different feelings on this, but I wanted to get some input. If a potential tenant has filed Chapter 13 due to needing to withdraw money from their 401k accounts to pay for the funeral expenses for several family along with medical expenses, and owing back taxes because of the 401k withdrawals, would you rent to them? Assuming they have long term jobs and have enough to pay for rent and utilities  on top of what they owe, and no criminal record, U/D, or evictions.

Or would you need to know like how much longer they have in their plan/how much they owe? 

Would you require a co-signer and/or increased rent or just say "nope!" and move on?

Just looking to hear what others think on situations like this.