- When you have two males or two females wanting to become roommates and
rent from you include the following sentence in the lease.
“Each lessee is responsible for the entire lease individually. “
Once you have the answers to your questions, you can tell the prospective
tenants you will pass this information on to the owner and you will get back to
them if he is interested. Or, if you already know that you are interested, you may
go ahead and set an appointment.
2. To maximize the use of your time, schedule a couple or several appointments five to
ten minutes apart. Expect the fact that you will have some no shows.
3. When you are face to face, listen! If you are naturally a talkative person,
control yourself. You learn more from listening than talking. Of course, you
should always have a friendly demeanor. Keep in mind you are about to decide
who you are going to entrust with your valuable asset. This is your money
machine. The last thing you need is a tenant who presents himself as an angel and
then transforms into the tenant from hell who turns your home into a money
4. You bought this book for the information it contains to help you earn and
save money. Take my advice to heart. If you do otherwise, you will end up with
money out of your pocket a hundred times the cost of this book. It indeed will be
an expensive lesson. I am trying to emphasize this point because I know; I have
made the mistakes! Those mistakes have cost me plenty.
5. After giving prospective tenants a tour through the home and you have
decided you are interested in them so far and if they have not already indicated
so, ask them if they are interested in the home. If they respond positively, ask
them if they would like to fill out an application. Hand them an application; you
would prefer they fill it out right then at the counter or in the car. If they want to
take it with them, let them know they could email it back to you to save time. You
do not want to be waiting around a couple of days for a good prospective tenant
to get back to you if you can avoid it. Let them know they may not be the only
tenant for the owner to consider, that you like them and would like to see them
get the home.
6. If you actually have to pay to get a copy of their credit report, that cost will
be their application fee. Offer to provide them a copy of their credit report for
review. Also, tell your prospective tenants that a deposit of $50 – $100 minimum
with the application is necessary to show their seriousness and it will be applied
toward their security deposit. If they are hesitant about this, you have to question
their serious intent to take the home.
7. Some will be willing to give the full amount and the first month’s rent right
then in cash. Do not let this tactic intimidate you.
Check them out in the normal procedure. You would not want to take their
money if you did not feel good about them getting the home because you do not
like handling other people’s money or the hassle of refunding it.
Once you know that you do not want the tenant, quickly show them through
and talk as little as possible. Say good-bye to them at the door. For those who
express their interest in the home, I do not advise you to tell them you are not
interested in them. Be tactful. If they ask for an application, it is best to give them
one. Avoid any problems. You will just never call them back. If they call you,
tell them the owner decided on someone else.
Next Post will be “Playing Detective to get to the truth.