Thanks for the tip Bob.
I have rented houses in the past and have been burned.
A credit report would help.
Glad I can offer some help.
Not only does a credit report help, but by telling perspective tenants they need to submit it with their rental application , it really cuts down on unwanted ,unqualified people applying.
A couple more things to help you and anyone else who may be having rental issues.
''Spell out" exactly what the requirements are for perspective tenants by posting the list of requirements inside the rental unit.
That way there are no surprises once the application is submitted for processing.
Most important if and when you select a tenant, NEVER, NEVER let anyone move in without reading and signing a rental agreement that spells out exactly what the rental consist of.
All the rules you expect the tenants to adhere too must be spelled out in that agreement.
Most people renting property use a standard rental agreement that can be purchased at places like Staples or Office Depot.
I don't use those as I have some very strict regulations that tenants need too comply with.
I make sure before they sign it, and before taking any payment for rent, that they sit down and read it throughly.
If they have questions, that is the time to ask, not come back in the future and dispute something they were not aware was in the rental agreement.
The years in property management have taught me well.
I am a strict manager, and I think that is why my tenants stay for years.
All my rentals are on a month too month basis., that way if there is a problem, either one of us can end the agreement with just a written thirty day notice.
Perhaps the biggest benefit of living in any of my properties is, I NEVER raise the rent on a tenant as long as they live in the unit, except if they bring in an additional tenant once they are in.
The properties I manage are owned by an older gentleman, and when I took over his properties 18 years ago, I made it clear to him that the "show" was mine, and did not want inteference from him or anyone else.
I did not seek him out when I took on his property, he came looking for me because we have a mutual friend.
Before that day, I had never met him.
We talked and after I explained what he could expect from me, and what I expected of him, we went to an attorney and had an agreement drawn up.
I have complete control of these properties, and the owner has no say so in the entire operation of the properties.
He can't tell me what to charge for rent, who to rent too, or who to evict.
By doing all the maintenance myself, it has saved him countless dollars in repair.
We have a great business and personal relationship.
So my friend, when the time comes for you to be in the rental market, you would do well to take what I have said here, to heart.
It will save you many headaches down the road.
Bob.
