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So, house has been up for rent now about 2 weeks. I have had over 50 calls, 15 families toured the house. Several Sec 8 I turn down because I am not equipped or interested in that. So far, only 1 guy has been serious enough to actually fill out the application and send it to me and I am looking over his credit which concerns me.
Now, I don't expect people to have good credit, but I need to understand why it is the way it is. A lot of what I am getting are people in sales or self-employed who cannot seem to produce what their income last year was. They want to produce pay check stubs for past couple of months, but can you really count on that? I am using the standard TAR application for residential lease form and I hand them a residential criteria for application form I drew up. Pretty standard stuff.
One guy was begging me to take his deposit, but at the moment, I could not take it. I gave him the forms and told him I could swing by later that afternoon and pick them and the deposit to hold it. He later called and balked at the form and wanted to know why he had to fill out those 4 pages. (This is a standard form I understand a lot of landlords use). He wanted to just come up with some contract between he and I. I told him, no just use the form. As pushy as he was, he never came back.
Tonight, some roofer from Florida calls me and same deal. I told him I run credit checks and he was in a huff. I explained I don't judge solely on that and I understand people can have bad credit but be good renters and just started asking him his story. I was being nice. I asked about if he could prove income, and he offered his past few pay stubs. I asked him if he could show his last years tax return. He got all pissy with me and wanted to see mine!?! WTF? He got all defensive. I hung up.
I don't think I am being unreasonable. I have a couple of other landlord friends I have been consulting with as well and they use the same forms and criteria.
So where do you draw the line with what you expect from those applying?
Now, I don't expect people to have good credit, but I need to understand why it is the way it is. A lot of what I am getting are people in sales or self-employed who cannot seem to produce what their income last year was. They want to produce pay check stubs for past couple of months, but can you really count on that? I am using the standard TAR application for residential lease form and I hand them a residential criteria for application form I drew up. Pretty standard stuff.
One guy was begging me to take his deposit, but at the moment, I could not take it. I gave him the forms and told him I could swing by later that afternoon and pick them and the deposit to hold it. He later called and balked at the form and wanted to know why he had to fill out those 4 pages. (This is a standard form I understand a lot of landlords use). He wanted to just come up with some contract between he and I. I told him, no just use the form. As pushy as he was, he never came back.
Tonight, some roofer from Florida calls me and same deal. I told him I run credit checks and he was in a huff. I explained I don't judge solely on that and I understand people can have bad credit but be good renters and just started asking him his story. I was being nice. I asked about if he could prove income, and he offered his past few pay stubs. I asked him if he could show his last years tax return. He got all pissy with me and wanted to see mine!?! WTF? He got all defensive. I hung up.
I don't think I am being unreasonable. I have a couple of other landlord friends I have been consulting with as well and they use the same forms and criteria.
So where do you draw the line with what you expect from those applying?
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