Why do you need to meet my client before deciding if they are a good fit for your rental?

By
Real Estate Agent with Coldwell Banker

Wow, another day, another eventful day in real estate. I have a client who has decided to rent for another year instead of purchasing a home.

Last year, they ratified on a home for $1,950,000. But during the inspections, found out that the foundation was going to cost over $100,000 to fix so they backed out.

Last week, they decided to wait another year and decided to rent an upscale condo for $2,900. My clients credit is frozen because of identity theft. But, the wife had a credit report from Trans Union that was only 90 days old showing she has excellent credit.

The listing agent asked for the credit report of the husband, which was provided two day later. After reviewing my tenants credit, she asked to meet with them personally to see if they were worthy of renting the condo.

Here's my question, Why do you need to meet my client before deciding if they are a good fit for your rental?

By the way, my client was livid! They thought this was very unethical to judge someone like this and I agree.

What do you think?

Tap

 

Comments (10)

John J. Woods
Big Dog Press, LLC - Winder, GA
Going where no man has gone before - wouldn't you?

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Not only unethical, but most likely illegal, too, if the potential tenant/renter gets rejected.  He/she then may have grounds to file for age, gender, race, religious, etc., etc., etc., discrimination without the listing agent actually having done anything else out of the ordinary.  The agent is treading on thin ice in this case.


Remember -- Think twice, push "Send" once.  Blogging, posting, commenting:  It's all 'never having to say you're sorry', because it won't make any difference --

-- it's FOREVER!

Jan 26, 2010 07:11 AM
Julia Odom
Select Realty Professionals - Chattanooga, TN
Chattanooga Homes for Sale

John's response was my first thought as well. What could they possibly find out by meeting with someone that they couldn't get on paper unless it's something that could be construed as discriminatory?

Jan 26, 2010 07:58 AM
David Tapper
Coldwell Banker - Burlingame, CA

I couldn't say it better myself, John. I actually did, and so did my broker.

Tap

 

By the way, I love your quote.

Jan 26, 2010 08:33 AM
David Tapper
Coldwell Banker - Burlingame, CA

Thanks Julia, my client had the same response you did, that is was discriminatory. We actually ratified, but now the seller wants out. And so does my client.

Thank you.

Tap

Jan 26, 2010 08:36 AM
Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

Tap, I like the blog.  Very thought provoking!  If I were the homeowner, I'd want to meet the tenants. If I were an agent representing the Lessor, I'm not sure I'd care.  I think you have an agent who has an ego, and thinks he needs to give the prospective tenants "his blessing" 

Did they get it?

Jan 26, 2010 02:58 PM
Dan Edwards 425-276-7008
Keller Williams Realty - Bellevue - Bellevue, WA

Tap,

We had a couple up here running a scam on high end homes.  Very interesting that your story sounds similar with the idenity theft.  I would say that getting a judge of charachter is fair for a landlord in a private transaction.  When professionals are involved it's way out of line.  The landlord can choose to turf it on the merrit of the credit report and there opinon on wheather the renter can afford it and that is it.

Jan 26, 2010 03:06 PM
David Tapper
Coldwell Banker - Burlingame, CA

Hey Jim, they got the condo, but after we ratified, my client wanted to talk with his new landlord prior to moving in. They were so taken back with the landlords agent that they didn't want to move forward if they had to see her again.

The landlord agreed, but the next day the agent called and said her client didn't want to rent to them anymore.

As you stated, it was all about the agents ego and want for control.

Life is too short, brother!

Tap

Jan 26, 2010 03:40 PM
David Tapper
Coldwell Banker - Burlingame, CA

I agree, Dan. but this was no scam, this is someone I represented before, and who made an offer with me last year.

I spoke with the agents broker tonight and he was shocked about his agents behavior.

Thanks,

Tap

Jan 26, 2010 03:45 PM
Keith & Shannon French
www.KeithandShannonFrench.com - Catonsville, MD
Baltimore's Best for Rent To Own Homes

Wow! Interesting blog.  What I find is the higher-end home, the HIGHER MAINTENANCE for all parties...the owner, the buyer and any agents in-between.  Snobbery? Maybe. Prudence? Maybe. High Maintenance ABSOLUTELY...but the paydays are better and therefore make it tolerable, especially if you're good at laughing at it all along the way (Keith is much better at that than me! LOL!)

PS

Higher maintenance = more drama

Feb 04, 2010 04:55 AM
David Tapper
Coldwell Banker - Burlingame, CA

Thanks S & K. It definitely pays to have a sense of humor. I guess we really do earn our money, huh?

 

Tap

Feb 04, 2010 10:10 AM