Having a detailed rehab plan and experienced team is critical.Not Screening Tenants Properly:The rental phase is crucial, and bad tenants can cause property damage or miss rent payments, disrupting your cash flow.

Hello everyone,My company has developed our Tenant screening process ver thoroughly and over many years.

I'm already using RentRedi to screen tenants, receive rent, deliver messages, but I wanted to know if anyone had any suggestions on either a software or virtual assistant type platform that helps them automate maintenance requests...

Professional tenants target mom and pop landlords with poor screening processes...rather than large class A and B properties with professional screening processes that disqualify most problem applicants...and lots of neighbors who actually pay their bills.  

Such as extended periods of vacancy between semesters...I have a MTR that is close to a university campus and my current tenants are students, but they also passed all the usual tenant screening in the same way that I've rented to other mid-term tenants in the past.

Quote from @Mei Zhu: Transunion Smart Move has an online application and screening that I recommend.Whichever you decide, make sure they provide a full credit report, not just a score.

I get pretty good returns and I have had very good luck with tenants with solid screening and income threshold minimums.

I feel my largest use will be online rent collection as well as tenant screening.

That way, you're getting paid without having to interact directly with the tenants, screen them, collect rent, drama, etc.

I absolutely collected first, last and security for my class-C rentals until NYS prohibited that practice back in 2019.Many tenants cannot manage their money properly, so this mitigates the issue of not being paid last month's rent when they need to move and the new landlord is receiving those funds they have allocated for their housing during the last month of their stay.This was also helpful to me to pre-screen who has their financial house in order and had saved for their moving costs as part of their planning.If I still could, I most definitely would - without exception.