The cost of renting to the wrong person can be enormous for a landlord. First, there is the missing rent when a renter does not pay at all. Or if a renter constantly pays late, then there is the cost of following up with the renter and collecting late fees. Going to court to evict …
Watch Out for These Red Flags on a Rental Application Read More »
Red Flag #5 – “I’m looking for a place for myself. I have a boyfriend but they do not live with me.” Sometimes people just aren’t ready to move in together, right? But what happens if they do move in together? The lease requires all occupants to be listed on the lease and guests who …
Red Flag #4 – “I’m looking for my grandmother / aunt / good friend who is working” It’s vitally important to meet the person who is applying to rent. If a person comes to you looking for a place for someone else, takes a rental application, and then returns later with that rental application, you …
Red Flag #3 – “I work for a family member.” Most of the time someone who “works” for a family member is just making up their income. The work is unstable, sporadic, and likely to be paid in cash. Sometimes a potential applicant in this situation will even bring in a signed affidavit from the …
Red Flag #2 – “I’ve been living with my mom / sister / grandparent / cousin.” Unless someone is in college or just graduated, most grown adults want to live in their own place. So for most people, someone who is living with a family member is often living there because they cannot live anywhere …
