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All Forum Posts by: Marlene Michael

Marlene Michael has started 8 posts and replied 81 times.

Post: Interviewing potential tenants

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

@Marcia Maynard

 Thank you so much! That is very helpful advice, and will be putting it to work today. Wish me luck!

Post: Interviewing potential tenants

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

@Steve Babiak

 You've given me quite a lot to think about... I will definitely need to get a game plan together for verifying income.

Post: Interviewing potential tenants

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

@Steve Babiak

 I have an authorization form on file, but didn't plan to use it. Thanks for mentioning that so that I will have copies on hand tomorrow. I didn't know about the cost or outsourcing of employment verification. Should I just request a 2-3 month's worth of stubs?

Post: Interviewing potential tenants

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

@Michael R.

I will check that guide out. Thanks!!

Post: Interviewing potential tenants

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

Thanks @Bob H. , @Steve Babiak, and @Michael R. for the great advice. Although I didn't screen them by phone, on initial email contact, I laid out the criteria, which weeded out a whole lot of people!! Because I am crunched for time (previous tenant's closing date kept getting pushed back), I may have to do a 6/15 move in date. 

Post: Interviewing potential tenants

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

I have a rental property that has been occupied by two tenants thus far. The first tenant was awful and the second was a friend. So, this is my first time going through the tenant choosing process with a little knowledge and experience. I have about 8 appointments lined up tomorrow, a few on Friday, and one on Sunday.  This is my plan to get someone in by Monday. Please give your honest feedback.

1) At the conclusion of each walk through, if they are still interested, I will have them complete a paper application with job and rental history.

2) Within a few hours of each walk through, I will attempt to contact previous landlords and verify employment.

3)If all is well, they will move on to the next step, which is to complete an online app through the BP smartmove site which will check credit, background and eviction history (applicant will pay).

4) Based on the results I will narrow down the applicants and then choose a tenant somehow (???)

Am I on the right track?

Post: Great property up for auction on Auction.com, but no one is bidding??

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18
Originally posted by @Eddy Dumire:

I totally agree.  It's worth mentioning though that they only bid against you up to the reserve price.

 That's good. I appreciate all of this info. Gives me a lot more to think about.

Post: Great property up for auction on Auction.com, but no one is bidding??

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

Thanks @Lisa Kohl!! Going to check it out now.

Post: Great property up for auction on Auction.com, but no one is bidding??

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

@Eddy Dumire Seriously? I mean that makes sense that the banks are unrealistic in their asking prices, but the auction sites bidding against us? That's awful.

Post: Great property up for auction on Auction.com, but no one is bidding??

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

@Mindy JensenThanks Mindy! That's good info. I've never watched one of them during the final hours, so I didn't realize that there was some strategy involved. What about the ones that are relisted? Is that a bad sign too, when they don't reach the reserve price and are placed back on the auction block?