Vacancy Advertising & Tenant Screening
Want higher ROI on your rentals? Fill your vacant rental unit with the best possible renters, ASAP.
Have a vacant rental unit on your hands?
Vacancies are expensive, and they’re time-consuming to fill. Lucky you! But unless you want to be right back in this position in six months, an eviction later, get it right the first time.
Advertise on multiple rental listing websites. Give every person who expresses interest a rental application (ours is free, emailable and e-signable – hint hint).
Then run tenant screening reports on all applicants. Get a full credit report, nationwide criminal background check, and nationwide eviction report. Have the applicant pay the fee for these (our screening reports can be charged directly to the applicant).
Then it’s calls, calls calls. Supervisors. HR departments. Personal references. Current landlords. Prior landlords. If that sounds like a lot of work, it’s nothing compared to unpaid rent, serving eviction notices, filing in rent court, appearing in front of a judge, meeting the sheriff at the property, and then spending thousands of dollars to get the property back in rental shape.
Here are a few fundamental articles to get you started, and from there, you can explore our other articles in the Advertising & Tenant Screening category to make sure you get the perfect long-term tenant, every vacancy!
“Required Reading” – Start Here First!
Still hungry after eating those up? Well, we won’t let you down. There’s plenty of rental advertising and resident screening articles to sink your teeth into!
Full Library of Advertising & Tenant Screening Articles:
Flooring Hacks to Save Thousands on Turnovers (Video)
In this Video: Why flooring costs are such a profit-killer in turnovers How to save money when installing carpets Why are excellent alternatives to carpets and hardwood floors How to protect hardwood floors As always, we could keep talking, or we could just let you...
Common Landlord Blunders & Legal Pitfalls
It’s so easy to be blown by the winds of your emotions instead of standing stiff to the letter of the law. But most states enforce rigorous landlord-tenant rules, and hold landlords to a higher standard than renters. Bad tenants can cost you thousands of...
Want Better Results from Your Rentals? Try the 10/4 Rule
Real estate investors love to talk about rules for some reason. The 2% Rule of rent-to-price ratio (which you should totally ignore), the 25X Rule of retirement assets (which is not fixed in stone, as we discuss), the 70% Rule of mandatory minimum equity (okay...
Beyond Credit Reports: Subtle Red Flags in Tenant Screening
In this Video: Tips for...
Unconventional Financing Part 5: Friends & Family
(This is the fifth and final article in our Unconventional Financing series. To start at the beginning of the series, see Part 1: Real Estate Investing with Retirement Accounts). You need $75,000 for a real estate deal. Your cousin happens to have $75,000, and wants...
Michigan Rental Laws Guide
Michigan, home of Motown and the original Motor City, has many great offerings for the real estate investor. Median monthly rental rate is $1049, and median home value in Detroit is only $140,000. At a Glance: Late Fees: No stated limit:...