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 […]
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