Most landlords have a lot of balls in the air. As a landlord, you’re keeping on top of maintenance, dealing with tenant issues, keeping your taxes straight, and managing a host of other issues. Some problems demand more attention than others, but you can minimize potential issues by asking the right questions on your rental application.
Using a rental application effectively
You probably already have a good an online rental application service, and that service will typically come with some standard questions for you to ask potential renters. This service takes a lot of the work out of going through applications.
But are you taking full advantage of all the service has to offer? One of the best things about automated online rental applications is the freedom to add extra questions that help you understand your potential tenants better.
Asking the right questions will streamline the acceptance process and get you started on the right foot with new renters. It will also save you time, which you can spend coordinating with your professional HVAC contractor, dealing with landscaping issues, or just taking off for yourself.
What questions should I be asking?
Here are a few important questions that will help you understand your applicants and cut down on wasted time and effort.
How long do you plan to live here?
As a landlord, two of your worst enemies are vacancy and turnovers. While anyone’s plans can change, this question allows you to get an idea of how long the tenant is thinking of staying. Anything less than a year is probably not worth your time.
Do you smoke?
This is a great question to ask. If you’re OK with smoking as long as tenants pay a larger deposit and a cleaning fee, knowing what to expect in advance is …