Property Management Blog

Wednesday, July 20, 2016

Home Searching for the Poorly Qualified: What You Need to Know

Today’s article was inspired by a prospective tenant who called our office yesterday.  This was a family with six pets.  Two of them were Pit-Bulls (on most aggressive breed lists), two of them were German Shepherds (on some aggressive breed lists) and the last two were cats.  Now, believe it or not, we quality property managers do actually care about our tenant customers a great deal.  We want people to find housing, even those folks who struggle with credit problems, have evictions on their record, and who have six pets.  It is because of this care that I am writing this article today - to assist folks who face these kinds of challenges.  Read More »

Wednesday, March 11, 2015

Tenant Screening Pitfalls

Good or bad tenants will make or break your real estate investment and the return you see from it.  This is why most professional property managers (like us) have such hard and fast rules about who we will or will not approve.  When prospective tenants are declined by our office for having poor credit, aggressive breed dogs, eviction history or criminal backgrounds, do you know where they go next?  To Craigslist to find an individual home owner to rent from.  This is because individuals who rent out their homes and self manage are often too inexperienced to know what ‘not to do’; quite frankly they rely too heavily on instinct.  What I’ve learned in my 10 years of managing rental property is that when you approve solely on your instincts, no matter how good you feel they are, you will get burned – I had to learn this the hard away (several times).  If you are one of those people, I hope that this article helps you in your future success as a landlord.  Also keep in mind that approving on your instincts CAN create the impression of discrimination against a protected class even if discrimination did not take place.      Read More »

Monday, February 23, 2015

Tenant Default Stats - Risk Vs. Reward

Rental history, credit, and income are extremely important to look at when considering which prospective tenants you are going to approve or deny, but for landlords, what does the data actually mean in terms of 'chance to default'?  Read More »