When you’re in the real estate business, you should always be looking to the future. It’s really never too soon to start planning your strategic moves for next year, especially when next year is just a couple of weeks away! If you’re a real estate professional, you should be planning ways to attract more tenants in 2020. Real estate trends vary depending on location.
Press release from Rentals.Com
November 6, 2019
ATLANTA, GA.,
Landlords enjoy a 100% online screening process, including a universal application, credit, background and eviction checks powered by RentSpree and TransUnion.
Depending on your state, the tenants have a few important protections that you’ll need to help your client navigate, and there are lots of ways to make the move itself a little less hectic.
Selling The Rental Property
There are lots of reasons you might want to sell an active rental property.
When real estate agents are strategizing ways to launch or grow their business, many of them favor an emphasis on buying and selling houses as the fastest way to move forward. In fact, some real estate agents don't work with renters or rental properties at all.
No matter if you rent or own your property, everyone has an expectation that they’ll feel comfortable when they’re in their own home. Of course, what makes someone feel truly “at home” is dependent on the person—some feel at home when they can get creative in the kitchen, others just need a place where they can plop down and watch Netflix.
Learn the keys necessary that will allow you to manage a property without ever having to be physically present
Being a long-distance landlord can often come with a few issues; it can be hard to check up on your property and deal with emergencies. That doesn’t mean that being a long-distance landlord is impossible.
RentSpree was enthusiastically founded back in 2016 with the aim of fixing the paper-based rental process. The same rental process has been in place dating back to the 80s. After 30 years of faxing and paperwork, RentSpree came to usher in the new age of renting.
Many real estate professionals believe that a social security number is needed to verify information on an apartment rental application. However, today that isn’t necessary. In fact, it may be illegal in some states (such as California) to reject a rental applicant because they do not have a social security or do not wish to give that number to you.
Finding a great tenant takes time and effort. However, no one wants to waste time or money on applicants who do not meet at least minimum requirements. These minimum requirements are called tenant screening criteria.
What are tenant screening criteria and why are they important?
Tenant screening criteria are a set of minimum requirements applied to all applicants equally and consistently which must be met in order to be considered for tenancy.
Los Angeles rental prices have finally found stable ground after years of dramatic surges. According to a 2018 report by Apartment List, prices are nearly the same as they were at the end of 2017. What does the data say for applicants who had to submit a rental application?
For much of last year, there was a 1.4% marginal rise in price growth, which went above the state average of 0.3%. Moving into the start of 2019, it was found that the city’s median rent price for a one-bedroom apartment was at $1,360, while a typical two-bedroom was at $1,750. And as of last month, both prices have barely budged.
When using a rental application, the end goal is to help make an accurate assessment of a prospective tenant. While a certified standard rental application doesn’t exist, you can still get a vetted one that follows federal guidelines. Knowing this, we have put together an article that can help keep you out of legal trouble.
The information on a standard rental application is entirely supplied by the applicant. That means you cannot afford to take everything at face value. For example, if an applicant claims they earn $15,000/month in income, it is your responsibility to ensure accuracy.
