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Being a good judge of character is huge in the small time rental business. They can make you or break you for sure. Where as the corp. that own multi-campuses of large complex are run differently. Still they don't want bad tenants neither.
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wow, that IS rent control! being a landlord in CA then doesn't seem lucrative for a steady income stream. it's almost as if CA want the rent to barely cover expenses and so one only profits by selling it once it appreciates. that's an aweful long time to tie up capital.:( |
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Making sure they're good for the rent is one thing but not everything. Tell them you'd like to run the lease agreement over to them to look it over... at their current residence. Then you can see how they live and how they respect someone else's property. If they balk at this look for another prospect
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While I managed my building myself I used these folks. They have a local office in Spokane.
https://www.acranet.com/tenant-screening/ I would send the prospective tenants the forms and get them returned to me. I then submitted them. As a landlord I could choose whether to get a detailed report or just a yes/no based on their scores. This did background for criminal acts, employment/income verification, eviction search, yada yada. I was pretty happy with their turnaround and customer service. Last year I hired a property manager but if I took back the responsibility I'd likely go back to using them. |
look in their car. it's a very good indicator of how people live and what kind of environment they will create and tolerate for themselves. Did this when I rented rooms and acted as an "agent" for a family rental property.
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mysmartmove.com
This is a transunion site, works great. Criminal background, credit check which you have the option of viewing along with past evictions and income verification. It is cheap, gives you the option of paying or the tenant. Will even give you an accept or decline decision. Has never let me down. All my tenants pay like clockwork. |
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