BEST Screening tool for Landlords: Housekeeping Check
After working up their application on paper and on the phone – get out of the office!
Ride by and see where they live. If it is ugly, tall grass, cars in the yard, no need to stop. If it looks okay from the street, then stop and knock on the door.
You MUST verify they actually live in this pretty home.
I explain my company sent me over and it is one of the final steps in their application process.
This almost final step is “Our way of verifying you live here and to see how you take care of your home.”
If you feel safe enough to eat a bologna sandwich then it looks like you might have found a good tenant. Many times I have stopped by and knocked on the door only to discover the applicant does not live there but is a relative or friend who asked for a favor.
Landlords are beginning to act more like airlines—using supply and demand to make quick adjustments to rent prices.
Long an old-fashioned bunch known for thick bundles of leasing agreements, some landlords are now using sophisticated computerized models to monitor competition, upcoming vacancies and seasonal patterns to determine optimal rent. While it’s not quite the blink-and-you’ll-miss-it tactics of airlines, rents can change quickly, sometimes day to day.
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