Looking for Tenants (by GKARL [PA]) Aug 5, 2025 9:21 PM
Looking for Tenants (by NE [PA]) Aug 5, 2025 9:33 PM
Looking for Tenants (by JS [CA]) Aug 5, 2025 10:00 PM
Looking for Tenants (by GKARL [PA]) Aug 5, 2025 10:24 PM
Looking for Tenants (by Small potatoes [NY]) Aug 5, 2025 11:55 PM
Looking for Tenants (by mapleaf18 [NY]) Aug 6, 2025 6:59 AM
Looking for Tenants (by Pat [VA]) Aug 6, 2025 6:59 AM
Looking for Tenants (by Ken [NY]) Aug 6, 2025 8:00 AM
Looking for Tenants (by zero [IN]) Aug 6, 2025 8:01 AM
Looking for Tenants (by 6x6 [TN]) Aug 6, 2025 8:31 AM
Looking for Tenants (by GKARL [PA]) Aug 6, 2025 10:41 AM
Looking for Tenants (by Mapleaf18 [NY]) Aug 6, 2025 11:01 AM
Looking for Tenants (by Oregon Woodsmoke [ID]) Aug 6, 2025 11:55 AM
Looking for Tenants (by Small potatoes [NY]) Aug 6, 2025 12:01 PM
Looking for Tenants (by Bonanza [NC]) Aug 6, 2025 12:47 PM
Looking for Tenants (by GKARL [PA]) Aug 6, 2025 3:08 PM
Looking for Tenants (by 6x6 [TN]) Aug 6, 2025 3:29 PM
Looking for Tenants (by Peacegarden [ND]) Aug 7, 2025 1:54 AM
Looking for Tenants (by GKARL [PA]) Posted on: Aug 5, 2025 9:21 PM Message:
I had a vacancy earlier this year that I filled quickly. I've some units that I'm filling now and I'll guess I'll see how it goes. These are studios that are priced affordably. I put them on Zillow and Turbotenant yesterday. I'll probably put them up on FB and Craigslist tomorrow. The bulk of the responses have come from Zillow and as usual, the unrentables form the bulk of the responses. Folks are definitely price sensitive and are looking for affordability. There was an article out about my area claiming that there were 15 renters for every vacancy. That assumes 15 QUALIFIED applicants for every vacancy. That has NOT been my experience. Perhaps things have changed over the past year. We'll see. --23.28.xx.xx |
Looking for Tenants (by NE [PA]) Posted on: Aug 5, 2025 9:33 PM Message:
Definitely not 15 qualified per unit. They’re probably assuming everyone is qualified. --24.152.xxx.xx |
Looking for Tenants (by JS [CA]) Posted on: Aug 5, 2025 10:00 PM Message:
The stats here keep saying that there isn’t enough housing as well. To be fair my units don’t take a really long time to rent but they are priced fairly and in great condition it’s not like I’m getting a 15-20 responses a day.
There was a time that I used to dread listing an apartment because the number of responses was overwhelming.
What’s reported and reality seem to not be aligned --174.249.xxx.xx |
Looking for Tenants (by GKARL [PA]) Posted on: Aug 5, 2025 10:24 PM Message:
The same article claims the area occupancy rate is north of 96%. I wonder about that as well. There's been a lot of high end conversions here and there is a lot of migration from nearby areas that are more costly and maybe things are competitive for those places, but I'm not offering amenities like gyms and pools, so my potential market is a bit different but my last two in this building were transplants not looking for that stuff. Maybe I'll get lucky on that front again. The folks native to the area are price stressed and often complain about the transplants running up rents. --23.28.xx.xx |
Looking for Tenants (by Small potatoes [NY]) Posted on: Aug 5, 2025 11:55 PM Message:
I'm not getting many inquiries in either my C or B 1br in different markets and I believe they are reasonably priced. Through buildium w zillow and the other affiliated sites. B listed 1 wk showed it 2x, C listed since may showed it 4 times. It's like renting is the new home buying. They stay put and think of it as their forever homw. I hear from prospects who say new ll hacked rent n youngings w no real job history moving from home/ parents moving away. --172.59.xxx.xx |
Looking for Tenants (by mapleaf18 [NY]) Posted on: Aug 6, 2025 6:59 AM Message:
There is a Responsible Tenant Crisis not a Housing Crisis.
The bums are out in full force and whining to the media, which they just LOVE. --64.246.xxx.xx |
Looking for Tenants (by Pat [VA]) Posted on: Aug 6, 2025 6:59 AM Message:
I'm curious. When we talk about "qualified", if you could only pick 1, 2 or 3, what would it be?
Since there seems to be such a poor field of truly qualified candidates, who gets it if you have to pick best of worst?
For myself, I tend to look at job. But then I've been burned bad by accepting someone like that, when I knew their partner had a bad drug history. They left me with druggie. So then there's that.
My biggest failure is not doing credit checks. I just hate cleaning up my office for an in-house check!
I have always said all my tenants probably have bad credit but they pay their rent to keep a roof over their head. And that is mostly true, until its not.
Last question, I know we are supposed to have written criteria, and apply it equally to all, and that is the goal but what if it's so bad, you can only find "2 out of 3 ain't bad"?
What is something you "might" waffle on? --216.126.xx.xxx |
Looking for Tenants (by Ken [NY]) Posted on: Aug 6, 2025 8:00 AM Message:
I go on facebook for fun and have people tell me housing is a human right ad i like to argue with them when i am bored, those people think everyone is qualified and who are we to say no to anyone, probably one of them wrote it or someone just nieve which many are --38.248.xx.xxx |
Looking for Tenants (by zero [IN]) Posted on: Aug 6, 2025 8:01 AM Message:
I have yet to do a true credit check myself.
My state has a wonderful online source for all court activity. I love it and use it all the time.
All people over 18 must fill out an application. If one of them has a lot of bad court interactions they are both DQ'd. My biggest problem has been when someone gets a new boy/girl friend and wants them to move in. Even if they are not put on the lease it seems they cause problems and my good tenant drops down.
Not all tenants have bad credit. Some just want to be tenants instead of having to worry about the property. I am good with that. Those tend to be a little nicer to the place. Sure some can become entitled, but it has been rare for me.
The written criteria should have a line that exceptions can be made if need be. Worded better of course.
Remember that it is better empty than full of bad tenants. --107.147.xx.xx |
Looking for Tenants (by 6x6 [TN]) Posted on: Aug 6, 2025 8:31 AM Message:
Question might be; Who wrote the article? --73.19.xxx.xx |
Looking for Tenants (by GKARL [PA]) Posted on: Aug 6, 2025 10:41 AM Message:
" Since there seems to be such a poor field of truly qualified candidates, who gets it if you have to pick best of worst?"
Often, none of the above is my answer. I focus a lot on income, recurring monthly commitments, clear eviction and criminal histories and the absence of a lot of raggedness in your lifestyle. It's usually the failure to get over those hurdles that's the problem. If income is a bit less than 3 times and there isn't much in the way of monthly commitments, I'll flex on that but not much else. --23.28.xx.xx |
Looking for Tenants (by Mapleaf18 [NY]) Posted on: Aug 6, 2025 11:01 AM Message:
Just ran some numbers out of the 125 actual people who filled out the pre-qualifier(many inquired but did not fill out the pre-qual because they were looking for someone who didn't screen), 4% were actually qualified. 96% were a non starter.
Qualified means credit score over 600, not in over their head, good past rental history, cooperative, steady 3x income, drama-free, non-smoking.
If I had to calculate all the people that inquired but didn't bother filling out the pre-qual because it indicated that we actually screen I'd say the number is more like 2% at best. --72.43.xxx.xx |
Looking for Tenants (by Oregon Woodsmoke [ID]) Posted on: Aug 6, 2025 11:55 AM Message:
[[[[[......claiming that there were 15 renters for every vacancy......]]]]]]
That might possibly be true as the dregs go round and round trying to find someone to accept them. Apparently they must be truly awful if nobody will take them, and they are certainly out there.
Decent applicants are just about an endangered species. --76.178.xxx.xxx |
Looking for Tenants (by Small potatoes [NY]) Posted on: Aug 6, 2025 12:01 PM Message:
I find work history to be the most important component. One year at the current job and a history of other work shows they can manage responsibilities. Being on a lease and paying rent is important but can be accommodated w guarantor, or offset w better credit, funds on hand. Moving frequently is a flag. The story a report tells is more important than the score. When they can answer what their monthly expenses are in detail, you likely have a winner. --172.59.xxx.xxx |
Looking for Tenants (by Bonanza [NC]) Posted on: Aug 6, 2025 12:47 PM Message:
Recently, the problem I’ve had with tenants is people who make enough money, but have very low credit scores. I’m just not going to chance renting a single family house to someone with a low credit score. There’s always a story behind why the credit score is low. Honestly I don’t care. I have a credit score threshold and either you need it or you don’t. --174.203.xxx.xxx |
Looking for Tenants (by GKARL [PA]) Posted on: Aug 6, 2025 3:08 PM Message:
I don't sweat specific scores so much but it seems that most folks are around 600 or so. I agree that work history is a very important aspect.
I'm getting a few inquiries and maybe one potential showing. Nothing solid yet though. I got one today with leading with an ESA. I generally don't take calls, but took her call this morning. She called again and I didn't answer. I'm going to scratch her off the list. Mr. Fat Finger may introduce her to Mr. Block. --23.28.xx.xx |
Looking for Tenants (by 6x6 [TN]) Posted on: Aug 6, 2025 3:29 PM Message:
It's always the callers that remind us why not to answer the phone. Sid is right. --73.19.xxx.xx |
Looking for Tenants (by Peacegarden [ND]) Posted on: Aug 7, 2025 1:54 AM Message:
I like the way mapleleaf put it a responcible tenant crisis. The bumss are out in full force.
The market is changing. Good tenants stay put. Home ownership has become out of reach for a large portion of society. Then your left with the bottom of the barrel renting. Luckily in my state court records are all public.
Housing is not a right it's a privilege like your driver's license. Abuse it and loose it. --174.229.xxx.xx |
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