September 21st, 2019 2:34 AM by Eric Willner
Radio Show Notes 9/19/19 Thursday- 5 Steps to Choosing The Right Tenant Using The Automatic Landlord Process
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By Eric Willner, Host of The Real Estate Show, America’s longest running daily radio show about real estate
It’s a great time to be a landlord! It’s even better when you experience the Automatic Landlord’s hassle-free system at work providing a good tenant, good relationship, and a profitable outcome. This starts with screening for the right tenant to occupy your property. Here are The 5 Steps to Choosing The Right Tenant
The Automatic Landlord’s Five Steps to a Good Screening Process and a Good Tenant begins with step 1.
Step 1: First Contact - The prospective tenant calls or emails you for more information about a property and the terms. Ask some pre-screening questions to make sure this prospective tenant isn’t going to waste your time. What are they looking for? What MUST they have in their next house. How much do they make per month. It is not advisable to let them spend more than half of their income on rent. These are just some of the critical questions to ask?
Step 2: The Showing – Let’s say the prospective tenant has passed Step 1. Now, you’ve scheduled to show the property and you or your property manager will meet the prospective tenant(s) face-to-face for the first time. Observe everything. Listen well. Are they sincere and open or are they combative and secretive? How do they act? Do they look like they take care of THEIR things, cars, clothes, etc? Watch out for these tenant red flags.
Step 3: The Application - Your prospective tenant is still interested and so are you. Have them fill out an application that includes references from prior landlords and employers. Always run a credit report and criminal check. This can also be very automated. Are they open to technology? Comfortable with online payments?
Step 4: Approval Process - This tenant seems like a good candidate. Accept him or her and gently decline all other applicants. Until you have a signed lease AND a Deposit, though, you’re not done screening. Have good documentation and notes all the way!
Step 5: Lease Signing - You and your prospective tenant(s) are ready to sign a lease. Go through the lease with him or her carefully and make sure all the rules are completely understood. Think of this as training and education time for your tenant. It’s a valuable opportunity to determine if this relationship will work and be a good one. It’s not too late to rip up the lease if things aren’t going well, even at this point.
Follow these 5 Steps to Choosing The Right Tenant – The Automatic Landlord Way and you will be glad you did!
Finding the right tenant is key. As you also know, in Real Estate, their credit (and so is your credit) is also key. That’s why we value our affiliation with www.TimeToFixMyCredit.com. Their goal is to help secure our clients’ financial future by repairing their credit, thereby improving their overall quality of life. There again, Technology Is Your Friend In Real Estate, and they use that technology to help you improve your credit. They provide personalized service to teach you the basics of credit, how to manage and maintain your credit once it’s repaired, and how to attain your financial goals, whether it’s RENTING - buying a car, buying a home, or just living debt-free.
We pride ourselves on working with them, and by giving our listeners a personal consultation and relationship-building. Our clients are not a number to us. What brings us the most joy is when our clients not only reach their financial goals, but their life goals as well.
Obtaining a complete copy of your credit report is a very important first step. You can start by contacting me, and I’ll provide you one for free, and then you can continue to learn how at www.TimeToFixMyCredit.com. Remember, Your credit report can affect how much interest you will have to pay on a loan, what type of loan you are eligible for — if you can get one — and can even impact whether you can get a job.
In order for www.TimeToFixMyCredit.com to prepare a complete credit analysis, together we will contact the three major credit reporting agencies — Equifax, Experian, and TransUnion for — to dispute errors and discrepancies on your behalf.
Once we receive your credit reports, we’ll identify areas of concern and formulate a plan of action for your particular situation to ensure that you will benefit from our services.
We’ll meet with you for a personal consultation to discuss your credit, item by item, assessing if there is any fraud on your report, and how we can begin to repair credit issues that we discover. We will let you know exactly what we can and cannot do to repair your situation. All you need to do is keep calm, call us, and we can help you put together a plan, then stick to a plan and move forward.
Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 8 o’clock (EST) on Florida’s Money Talk Radio station WSBR AM740, FM 96.9, and FM 103.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.
Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.
Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow
Then check out these EXTRA cool resources:
90DayFreshStart.com To become a homeowner regardless of credit or ...
TimeToFixMyCredit.com for Financial Education and Credit Improvement
AutomaticLandlord.com for Landlording and Real Estate Investment
MackBuysHouses.com for a fast cash offer on Real Estate
MackSellsHouses.com for great deals on Real Estate Investments
MackBargainHouseHunters.com to Partner on Real Estate Deals
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