Rental application and lease??? Advice needed

[socrattt]

If you found a prospective tenant that quick I would suggest putting another ad on Craigslist for a higher price. The rental market over the past few months has changed dramatically. The rental market is surging as inventory is fairly depleted with so many homes off the market. I have seen homes in my community up almost 15% in just a few months. It may be area specific but I have had a few people tell me that prices are extremely outrageous all around the county. This looks to be affecting most of the rentals below $3K. Everything above that number still seems to be unchanged or is continuing to fall.

Put another ad up on Craigslist, have an open house at a specific time and meet all the tenants that are interested. This will give you a better idea of who is interested in your home and will allow you to make a choice. I always used this technique and prefer it rather than scheduling specific times for each renter.

[treehugger]

Actually they drove by the property and ran into my boyfriend (complex gated but he was actually out riding his bike) they all started talking he gave them a tour of the condo they loved it. They were told I was doing all the stuff and that I may have already rented it and he knew I had several people lined up. They wrote out a check “to show how serious they were”. Joe really liked them (but he likes everyone and is way too nice), I am going to meet them and their dog tonight (I like very few people and am not that nice), have them fill out an application, do a credit check, and then make a decision.

As a long time renter and dog lover, I will always be open to renting to someone with a “well-behaved” pet. We have told them it will be an extra $500 pet deposit and I will meet the dog (retired police dog).

I chose the monthly rental amount at what i thought was fair, my boyfriend is now hopping up and down that we could get more! I think we are better off getting a good tenant that will stick with us for the long term. i guess I think like a tenant rather than a landlord? As a tenant if my landlord is fair and doesn’t mess with me or raise rent and I like the place I will stay for years and not do anything to make them think about me or consider raising the rent. I know I am probably a little different than most tenants. Hopefully, I am not too naive about this whole thing. That is where I am hoping the application/credit check will confirm.

I like the open house idea, I should have consulted you folks before I posted on craigslist. This group is really a wealth of info!

[treehugger]

Actually they drove by the property and ran into my boyfriend (complex gated but he was actually out riding his bike) they all started talking he gave them a tour of the condo they loved it. They were told I was doing all the stuff and that I may have already rented it and he knew I had several people lined up. They wrote out a check “to show how serious they were”. Joe really liked them (but he likes everyone and is way too nice), I am going to meet them and their dog tonight (I like very few people and am not that nice), have them fill out an application, do a credit check, and then make a decision.

As a long time renter and dog lover, I will always be open to renting to someone with a “well-behaved” pet. We have told them it will be an extra $500 pet deposit and I will meet the dog (retired police dog).

I chose the monthly rental amount at what i thought was fair, my boyfriend is now hopping up and down that we could get more! I think we are better off getting a good tenant that will stick with us for the long term. i guess I think like a tenant rather than a landlord? As a tenant if my landlord is fair and doesn’t mess with me or raise rent and I like the place I will stay for years and not do anything to make them think about me or consider raising the rent. I know I am probably a little different than most tenants. Hopefully, I am not too naive about this whole thing. That is where I am hoping the application/credit check will confirm.

I like the open house idea, I should have consulted you folks before I posted on craigslist. This group is really a wealth of info!

[treehugger]

Actually they drove by the property and ran into my boyfriend (complex gated but he was actually out riding his bike) they all started talking he gave them a tour of the condo they loved it. They were told I was doing all the stuff and that I may have already rented it and he knew I had several people lined up. They wrote out a check “to show how serious they were”. Joe really liked them (but he likes everyone and is way too nice), I am going to meet them and their dog tonight (I like very few people and am not that nice), have them fill out an application, do a credit check, and then make a decision.

As a long time renter and dog lover, I will always be open to renting to someone with a “well-behaved” pet. We have told them it will be an extra $500 pet deposit and I will meet the dog (retired police dog).

I chose the monthly rental amount at what i thought was fair, my boyfriend is now hopping up and down that we could get more! I think we are better off getting a good tenant that will stick with us for the long term. i guess I think like a tenant rather than a landlord? As a tenant if my landlord is fair and doesn’t mess with me or raise rent and I like the place I will stay for years and not do anything to make them think about me or consider raising the rent. I know I am probably a little different than most tenants. Hopefully, I am not too naive about this whole thing. That is where I am hoping the application/credit check will confirm.

I like the open house idea, I should have consulted you folks before I posted on craigslist. This group is really a wealth of info!

[treehugger]

Actually they drove by the property and ran into my boyfriend (complex gated but he was actually out riding his bike) they all started talking he gave them a tour of the condo they loved it. They were told I was doing all the stuff and that I may have already rented it and he knew I had several people lined up. They wrote out a check “to show how serious they were”. Joe really liked them (but he likes everyone and is way too nice), I am going to meet them and their dog tonight (I like very few people and am not that nice), have them fill out an application, do a credit check, and then make a decision.

As a long time renter and dog lover, I will always be open to renting to someone with a “well-behaved” pet. We have told them it will be an extra $500 pet deposit and I will meet the dog (retired police dog).

I chose the monthly rental amount at what i thought was fair, my boyfriend is now hopping up and down that we could get more! I think we are better off getting a good tenant that will stick with us for the long term. i guess I think like a tenant rather than a landlord? As a tenant if my landlord is fair and doesn’t mess with me or raise rent and I like the place I will stay for years and not do anything to make them think about me or consider raising the rent. I know I am probably a little different than most tenants. Hopefully, I am not too naive about this whole thing. That is where I am hoping the application/credit check will confirm.

I like the open house idea, I should have consulted you folks before I posted on craigslist. This group is really a wealth of info!

[treehugger]

Actually they drove by the property and ran into my boyfriend (complex gated but he was actually out riding his bike) they all started talking he gave them a tour of the condo they loved it. They were told I was doing all the stuff and that I may have already rented it and he knew I had several people lined up. They wrote out a check “to show how serious they were”. Joe really liked them (but he likes everyone and is way too nice), I am going to meet them and their dog tonight (I like very few people and am not that nice), have them fill out an application, do a credit check, and then make a decision.

As a long time renter and dog lover, I will always be open to renting to someone with a “well-behaved” pet. We have told them it will be an extra $500 pet deposit and I will meet the dog (retired police dog).

I chose the monthly rental amount at what i thought was fair, my boyfriend is now hopping up and down that we could get more! I think we are better off getting a good tenant that will stick with us for the long term. i guess I think like a tenant rather than a landlord? As a tenant if my landlord is fair and doesn’t mess with me or raise rent and I like the place I will stay for years and not do anything to make them think about me or consider raising the rent. I know I am probably a little different than most tenants. Hopefully, I am not too naive about this whole thing. That is where I am hoping the application/credit check will confirm.

I like the open house idea, I should have consulted you folks before I posted on craigslist. This group is really a wealth of info!

[EconProf]

The prospective tenants sound like such nice people. Then again, they could be the Tenants From Hell. You really just don’t know.
There are so many many pitfalls for beginning landlords I don’t know where to start. By posting here you have a good beginning. You might have an experienced landlord-friend you could consult, or even have them screen this family.
One basic piece of advice I’d give is to not make friends with these people. Keep it on a strictly business basis, proper paperwork, no favors exchanged, no tenant painting allowed, etc. It simply rarely works to be friends with your tenants.
And the fact that you like pets and therefore are open to their’s suggests you are thinking with your heart, not your head. Talk to experienced landlords about the pet thing–there are many pros and cons and you need all sides to decide.

[EconProf]

The prospective tenants sound like such nice people. Then again, they could be the Tenants From Hell. You really just don’t know.
There are so many many pitfalls for beginning landlords I don’t know where to start. By posting here you have a good beginning. You might have an experienced landlord-friend you could consult, or even have them screen this family.
One basic piece of advice I’d give is to not make friends with these people. Keep it on a strictly business basis, proper paperwork, no favors exchanged, no tenant painting allowed, etc. It simply rarely works to be friends with your tenants.
And the fact that you like pets and therefore are open to their’s suggests you are thinking with your heart, not your head. Talk to experienced landlords about the pet thing–there are many pros and cons and you need all sides to decide.

[EconProf]

The prospective tenants sound like such nice people. Then again, they could be the Tenants From Hell. You really just don’t know.
There are so many many pitfalls for beginning landlords I don’t know where to start. By posting here you have a good beginning. You might have an experienced landlord-friend you could consult, or even have them screen this family.
One basic piece of advice I’d give is to not make friends with these people. Keep it on a strictly business basis, proper paperwork, no favors exchanged, no tenant painting allowed, etc. It simply rarely works to be friends with your tenants.
And the fact that you like pets and therefore are open to their’s suggests you are thinking with your heart, not your head. Talk to experienced landlords about the pet thing–there are many pros and cons and you need all sides to decide.

[EconProf]

The prospective tenants sound like such nice people. Then again, they could be the Tenants From Hell. You really just don’t know.
There are so many many pitfalls for beginning landlords I don’t know where to start. By posting here you have a good beginning. You might have an experienced landlord-friend you could consult, or even have them screen this family.
One basic piece of advice I’d give is to not make friends with these people. Keep it on a strictly business basis, proper paperwork, no favors exchanged, no tenant painting allowed, etc. It simply rarely works to be friends with your tenants.
And the fact that you like pets and therefore are open to their’s suggests you are thinking with your heart, not your head. Talk to experienced landlords about the pet thing–there are many pros and cons and you need all sides to decide.

[EconProf]

The prospective tenants sound like such nice people. Then again, they could be the Tenants From Hell. You really just don’t know.
There are so many many pitfalls for beginning landlords I don’t know where to start. By posting here you have a good beginning. You might have an experienced landlord-friend you could consult, or even have them screen this family.
One basic piece of advice I’d give is to not make friends with these people. Keep it on a strictly business basis, proper paperwork, no favors exchanged, no tenant painting allowed, etc. It simply rarely works to be friends with your tenants.
And the fact that you like pets and therefore are open to their’s suggests you are thinking with your heart, not your head. Talk to experienced landlords about the pet thing–there are many pros and cons and you need all sides to decide.

[DataAgent]

“As a long time renter and dog lover, I will always be open to renting to someone with a “well-behaved” pet.”

If you rent your place to someone with a dog, make sure your lease agreement specifically states:
1. the number of dogs allowed with this lease
2. the name of the dog(s)
3. full descriptions of the dog(s)
4. what the tenant must do if their dog situation changes.

A tenant who feels you are ‘dog friendly’ may decide to add a few stray Pitbulls during the lease without notifying you. You need to reserve the right to restrict a tenant from adding or replacing dogs.

[DataAgent]

“As a long time renter and dog lover, I will always be open to renting to someone with a “well-behaved” pet.”

If you rent your place to someone with a dog, make sure your lease agreement specifically states:
1. the number of dogs allowed with this lease
2. the name of the dog(s)
3. full descriptions of the dog(s)
4. what the tenant must do if their dog situation changes.

A tenant who feels you are ‘dog friendly’ may decide to add a few stray Pitbulls during the lease without notifying you. You need to reserve the right to restrict a tenant from adding or replacing dogs.

[DataAgent]

“As a long time renter and dog lover, I will always be open to renting to someone with a “well-behaved” pet.”

If you rent your place to someone with a dog, make sure your lease agreement specifically states:
1. the number of dogs allowed with this lease
2. the name of the dog(s)
3. full descriptions of the dog(s)
4. what the tenant must do if their dog situation changes.

A tenant who feels you are ‘dog friendly’ may decide to add a few stray Pitbulls during the lease without notifying you. You need to reserve the right to restrict a tenant from adding or replacing dogs.

[DataAgent]

“As a long time renter and dog lover, I will always be open to renting to someone with a “well-behaved” pet.”

If you rent your place to someone with a dog, make sure your lease agreement specifically states:
1. the number of dogs allowed with this lease
2. the name of the dog(s)
3. full descriptions of the dog(s)
4. what the tenant must do if their dog situation changes.

A tenant who feels you are ‘dog friendly’ may decide to add a few stray Pitbulls during the lease without notifying you. You need to reserve the right to restrict a tenant from adding or replacing dogs.

[Author]

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