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Avoid section 8. Use something like MySmartMove tenant screening and pull credit, criminal, eviction history. Turn down unpaid tax liens/child support judgements because they can garnish bank accts/wages and person won't have money for rent. Call and get prior rental references. Use prior addresses on credit bureau, google addresses or look up county tax records for owner info, google name/mailing address and get ph# to verify. Don't call # prospect gives you. If apartment complex google ph #. Prospects can give a friend's # and have them give a good (fake) reference.
I will say that many jurisdictions ban discrimination in renting based on how rent is paid (effectively bans discrimination against section 8 renters), but I'd be a fool if I argued that LLs were not still discriminating against this group.
I will say that many jurisdictions ban discrimination in renting based on how rent is paid (effectively bans discrimination against section 8 renters), but I'd be a fool if I argued that LLs were not still discriminating against this group.
Most of those who have section 8 won’t meet the income requirements that smart landlord impose.. and I doubt they have a 700 credit score. If you’re making 3x the rent I am asking, you don’t need section 8.
Section 8 tenants are to be avoided for a reason… they’re notorious for trashing their units and the 0.1% of ‘good’ section 8 tenants don’t make up for it.
Zillow is good, but now charges $10 week — which is certainly worth it.
Is that new? I advertise for free on Zillow. They take care of background checks and even create a lease for me. all for free. I just found a new tenant 3 weeks ago. For free
Is that new? I advertise for free on Zillow. They take care of background checks and even create a lease for me. all for free. I just found a new tenant 3 weeks ago. For free
It was the case back in April when I had my last vacancy!
It was the case back in April when I had my last vacancy!
Same here. We had three vacancies this year and it was $10/week each to advertise on Zillow.
As far as finding good tenants, the number one factor for me is credit score. I wouldn't consider anyone with a credit score under 700, although our properties are on the expensive side.
Same here. We had three vacancies this year and it was $10/week each to advertise on Zillow.
As far as finding good tenants, the number one factor for me is credit score. I wouldn't consider anyone with a credit score under 700, although our properties are on the expensive side.
I think I solved the puzzle.
Zillow lets you advertise and manage one property for free. You have three - therefore you have to pay for the subscription.
I will say that many jurisdictions ban discrimination in renting based on how rent is paid (effectively bans discrimination against section 8 renters), but I'd be a fool if I argued that LLs were not still discriminating against this group.
I live NYC, one of those jurisdictions foolish enough to ban 'discrimination' against section 8 renters. If your talking about an apartment in your 2 or 3 family home the best way to find a good tenant is through word of mouth. Never advertise in your local newspaper either in print or online.
Zillow lets you advertise and manage one property for free. You have three - therefore you have to pay for the subscription.
Correct. I use Zillow on all of my rentals that I manage and the first one was free and the following there is a like a charge of 8 or 10 bucks per week. IMO It's worth it as Zillow is by far the largest RE site. The services like background and credit checks are worth it. If the applicant has a past bankruptcy or credit issue, it will easily show up which for me is grounds for denial. I also strongly suggest you dig into the applicants employment situation. How much are they really making (Ask for proof), how long have they been with the company and such.
The only issue I've had is with first time renters. They seem to want everything and don't understand that even though you don't own the home, you still have to keep up the home. Some think it's like since they're renting, it's like living in a hotel or serviced apartment and they don't have to lift a finger. Long term renters IMO are the best and they know what to expect.
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