Happy Saturday!

In real estate, so much focus goes into the deal itself but what about the actual management of the deal and specifically, screening and leasing tenants?

This is vital skill set that can make or break any deal. See below 5 criteria we use when screening tenants AND the online tool we use:

Does the Tenant make enough income to afford rent? We look for income to be 3x the rent (ex: $900/mo rent would be $2,700/mo income)
Is the person working? If possible, we like to see at least 2-3 years of work history and ideally stability within jobs vs moving from job to job every 4-6 months.
Previous rental experience? We always call prior landlords to assess how consistent a person was with paying rent as well as overall how they were as a tenant
What's their credit score- While credit does not tell the full picture of a person, it can spotlight decisions they make that could make them a risky renter. We personally look for a minimum of 660 credit score.
Are they friendly and personable? As people who self manage our rental portfolio, we interact with our tenants directly. This means we aim to rent to people we can have conversations with, contact when needed and overall get along with.

When it comes to tenant screening, every landlord has to determine their criteria & stick to it. Looking to get started with tenant screening, applications and state specific leasing forms? Check out our preferred property management tool of choice, EZ-Landlord:👇🏻👇🏻

https://www.ezlandlordforms.com/?ref=alijoshlupo