Cinderella Chronicles * Part TROIS * You should have MENTIONED That Earlier

By
Property Manager with Gibson Management Group, Ltd.

I have received the majority of my lease renewal notifications back from current residents so those NON-responses are leaving so I have activated those listings on my website and started my AGGRESSIVE marketing on Craigslist.

A local family that requires a larger rental home in a specific school district contacted me to arrange a viewing.  Since the property is currently occupied, I communicated that I needed my 1-page rental application completed for all adult applicants and either SCANNED and EMAILED or FAXED back to me.....INSTEAD * they delivered their application forms to my office with their application fee check.

SORRY * Not my process....MY WAY allows me to VIEW their applications online to PREscreen them - having forms slipped under the door at my office DELAYS the process and I NEVER ASKED them for money.

 


FORTUNATELY * they(she) kept a copy of their applications and scanned and e-mailed them to me.  When I opened them, I found that they had declared bankruptcy.  

THIS might have been something that they mentioned in our earlier e-mail communications * like having 2 dogs or 3 cats; or asking for my minimum credit score threshold.....NOT MENTIONING that they had declared bankruptcy and NOT FOLLOWING my instructions has caused them to do A LOT of UNnecessary work which is unfortunate.....

I am sure they are nice people and they have a written reference from their current property manager indicating that they have been good residents * HOWEVER, all things considered, it is MY JOB to secure the BEST residents for my owners' property....and my screening process allows me to do this. 

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Rainmaker
456,506
Stanley Stepak
Howard Hanna - Avon Lake, OH - Avon Lake, OH
Realtor - Avon Lake, Avon, Bay Village, Westlake,

like you mention in the end your job is to secure those that are truly qualified .... so there you have it

Mar 12, 2013 09:02 PM #1
Rainmaker
1,240,746
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

It is interesting that these prospects filed bankruptcy while in their current rental home....they have not run up against this being a financial obstacle

Mar 12, 2013 09:18 PM #2
Rainmaker
420,748
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Wallace, 

I really don't want to find out about a bankruptcy at that point.  Ask that question, just like do you accept pets?  With strong rental demand, a previous bankruptcy is an issue and not a good fit.

All the best, Michelle

Mar 12, 2013 09:50 PM #3
Rainmaker
790,741
Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
I see how a bankruptcy would affect the screening process, and how your screening process would have saved them time. I can, see, however, how they may have gotten the same response from others, and thought they might be able to work around it in someway.
Mar 12, 2013 10:33 PM #4
Rainmaker
746,281
Rob D. Shepherd
Windermere/lane county - Florence, OR
Principal Broker GRI, SRES

Its amazing what they hope you won't notice. I run into this on my rentals occasionally.

Mar 13, 2013 12:15 AM #5
Rainmaker
5,509,088
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing this story .  Every agent needs to treat all prospects the same.  And, all need to be alert for unacceptable conditions.

Mar 13, 2013 10:59 AM #6
Rainmaker
1,325,601
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource
Wallace, you've got to feel some sympathy for folks in that position, but then you have a job to do. It's not so different on my end either...all is well until I put a client in touch with a lender who then learns about a bankruptcy, short sale, bad credit or no credit history at all.
Mar 13, 2013 02:34 PM #7
Rainmaker
1,240,746
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

They have a home they current live in and that they can continue to live in....they tried to move last year (their current landlord reference is a year old) and could not - I suspect the SAME problem with the BK on their records

Mar 13, 2013 07:49 PM #8
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Wallace.  Little things like bankruptcy, Dobermans and poor credit shouldn't be a problem:)

Mar 13, 2013 08:43 PM #9
Rainmaker
1,857,566
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

That's not far from how employers are viewing, and reviewing, job applications!  They don't want you to show up either!

Mar 13, 2013 08:46 PM #10
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Rainmaker
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Wallace S. Gibson, CPM

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