Best Practices For Screening Tenants Series

Rental Application

Part 1

Rental Application: Yes Or No?

The answer is a resounding YES.

You should require all tenant prospects to fill out an application. The business of real estate is done in writing and having an application and a consistently applied application process helps you as a landlord in several ways:

First, it sets you apart from other landlords (makes you look more organized and professional)–remember, you are competing with other landlords for good tenants!

Also, having pre-established and objective application criteria allows a landlord to justifiably reject a prospective tenant for any of the following reasons:

Credit history
Income
History of nonpayment of rent
Prior bankruptcies
References
Certain types of criminal convictions
Pets

Stay tuned to next weeks part 2, what information a landlord should collect on their rental application.

Testimonials

“Thanks for sharing your knowledge and for your good advice. We were able to work things out with our lender and get our mortgage loan caught up and current.”

Vaughn | Westfield, New Jersey

“Good afternoon, Gerald, I appreciate you for staying consistent and helping me with my mortgage lender for the last few months. The free guide you gave me helped us figure out the right path to take. I finally got all the money to make my loan current by the end of the week.”

Stephen Brunson | Plainfield, New Jersey

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Camille Perry | Newark, New Jersey

“Hey Gerald wanted to give you a heads up that they offered me a loan modification. Thanks for all your help!"

Robert Evans | North Arlington, New Jersey

“I appreciate everything you were able to do with my lender, I am immensely grateful to you."

Carol Cunningham| West Orange, New Jersey

“Thank you so much for your help, Gerald. I feel like a huge weight has been taken off me."

Iradys Rivero| North Bergen, New Jersey

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Deborah Dowe| Plainfield, New Jersey

“I want to thank you for helping me to get the courage to work on this problem because I didn't want to face it. Your help with the phone call to the mortgage company & other assistance was so appreciated. Thank you so much."

Evelyn Rudnicki | Rochelle Park, New Jersey

“I'm not trying to be a pain in the neck but I would like to thank you for your advice. I think things are going to work out for me. I did exactly what you told me and I think the mortgage company is going to work with me. I appreciate your advice. You are a Godsend. The world needs more people like you. Thank you and God bless you."

Jimmy Armstead | Roselle, New Jersey

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John Nikoe | Linden, New Jersey

“God bless you.”

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Jim Armstead | Roselle, New Jersey

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