Real Estate Rookie 6: The Ultimate Beginners Guide to Tenant Screening with Lucas Hall
Apr 8, 2020
Lucas Hall, a seasoned landlord and founder of Landlordology.com, shares invaluable insights on tenant screening. He reveals his foolproof process for finding great residents, emphasizing the importance of thorough pre-screening phone calls and online background checks. Lucas highlights how social media can offer additional insights into applicants and discusses the crucial income-to-rent ratio. With over ten years of experience and zero evictions, he provides timeless strategies for avoiding pitfalls in the rental market, even amidst recent pandemic challenges.
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Screen Tenants Early by Phone
- Always conduct a brief pre-screening call before showing a property.
- This saves time and avoids showing unsuitable properties to unqualified applicants.
Screen for Ability and Willingness
- Ensure tenants are both financially able and genuinely willing to pay rent.
- Verifying willingness often requires checking their rental history for past payment behavior.
Use Phone Calls to Screen
- Use a quick phone call to ask why tenants are moving and their timing.
- Decline applicants who refuse to do a phone pre-screen; this is a red flag.