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When you have a vacancy do you find yourself asking should I rent to this person. Well each property is unique just like every landlord or property manager. So in order to keep yourself from an emotional tug of war you must set requirements for all your properties or individually i.e. those hard to rent units.

Once you've established your standards pick what will automatically disqualify renters and stick to your guns. Posting this policy in the property, company website, Blog or hand it directly to the applicants when they apply. By doing so will automatically filter out some unwanted renters. If you stay consistent with your turn down policy it could save you from discrimination lawsuits in the future.

Here are some examples of an automatic disqualification:

  • Open bankruptcy (The tenant could move in, not pay rent then and add the delinquent rent in the bankruptcy).
  • An eviction
  • Collections filed by a landlord or property manager
  • Not having a certain income tom rent ratio

These items are not as serious, but could lead to potential problems:

  • More than 30 days late on accounts
  • Collections from creditors
  • Judgments or liens
  • Providing an improper moving notice to the landlord
  • Temporary employment
  • Late rent

As always if you have any questions on handling these issues contact your attorney for legal guidance.

 

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Real Estate - Other: _ _ (C H & R Real Estate Services)
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C H & R Real Estate Services

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