landlording: Landlording - Ten Things to Be Aware of! Numbers 4 - 6
- 04/28/08 03:22 AM
4. Have your tenants send rent check to P.O. Box address. You don't want them to know where you live! Renters always show up when you are having dinner with your family.5. Always charge an application fee ($100) to process rental application. I always found that I had success with charging a non-refundable, application fee. People are less likely to mislead you when they have skin (money) in the game. You can always apply the deposit towards the applicant's security deposit later on. This application fee covered my costs for:Application ProcessingCredit CheckCriminal History Background CheckThese checks are really necessary to make an … (7 comments)
4. Have your tenants send rent check to P.O. Box address.
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