How to Attract World-Class Tenants for Your Rental Properties

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BiggerPockets

BiggerPockets

Күн бұрын

Read the post at www.biggerpockets.com/renewsb...
I once bought a rental house that came with an existing tenant. Things were fine for a few months - but then she started paying her rent late.
Then she stopped paying entirely.
She decided illegal drug use was more fun than paying rent!
Soon after, she was evicted - and she left me thousands of little cockroaches, a death threat note, and the worst smell you can imagine.
Sometimes being a landlord is such a joy.
On the other hand, I’ve had dozens of incredible tenants who pay rent on time, take great care of the property, and are helping me build wealth and financial freedom in a spectacular way.
So, how does someone find more of the great tenants and fewer of the bad ones?
If you want to succeed as a landlord, you must do just that. You must learn how to discern which are world-class tenants to avoid renting to scumbags.
How?
Well, today I want to share four tips for attracting word-class tenants.
Read more at www.biggerpockets.com/renewsb...

Пікірлер: 47
@michellephilhower2191
@michellephilhower2191 4 жыл бұрын
I'm low income n have a poor credit score n I get section 8. But my rent is always on time n my apartment is spotless.
@oneinnamillion
@oneinnamillion Жыл бұрын
Good for you :) keep things up & things will inevitably get better 🙌
@temifashesin6678
@temifashesin6678 3 жыл бұрын
Just had a terrible experience. I wish I had seen this video before I rented. The guy provide fake documents and payslips. The worst of all was that he was actually a drug dealer. This tenant was so calm and respectful, who would have thought we was into drugs. The cops came into the apartment and broke the doors. No the tenant doesn’t want to pay the rent anymore. Honestly dealing with this tenant caused me major anxiety! Thanks for this video again.
@wiiiz3
@wiiiz3 3 жыл бұрын
damn, and i thought i was in a bad situation.
@jacethornton4103
@jacethornton4103 8 жыл бұрын
Thanks for giving advice on where to conduct the background and credit checks. Other property managment companies make it seem like it is a big secret on how they do this. The more information I get the easier the pricess becomes. Thanks BP
@biggerpockets
@biggerpockets 8 жыл бұрын
+Jace Thornton Anytime! Thanks for watching and supporting BiggerPockets!
@jakobh6257
@jakobh6257 5 жыл бұрын
Excellent points and advice. Much appreciated 🙏
@hannahcastello5392
@hannahcastello5392 5 жыл бұрын
Like the interior decorating of the house
@louistrinh1688
@louistrinh1688 4 жыл бұрын
Great video! Just starting my first rental property and these four steps lays our exactly what I need to do.
@petemitchell2350
@petemitchell2350 4 жыл бұрын
Awesome video, I really appreciate it. What's up with the epaulettes?? haha :P
@olternaut
@olternaut 8 жыл бұрын
This was awesome Brandon. But for future you may want to edit in some cool on screen text graphics to go along with any list of points you make. Overall, another awesome video. :)
@biggerpockets
@biggerpockets 8 жыл бұрын
+olternaut Thanks for the feedback! Not a bad idea ;)
@florcedillo7964
@florcedillo7964 8 жыл бұрын
Thank You!
@pinkorganichorse
@pinkorganichorse 5 жыл бұрын
For B- class neighborhoods, is 700 credit score requirement for 2/2 brand new custom built home possible?
@lorenzovienna934
@lorenzovienna934 3 жыл бұрын
Great videos do you have a sample lease you use for tenants you can share.
@Ironrodpower
@Ironrodpower 8 жыл бұрын
Searching for one of those as we speak :)
@Restakescom
@Restakescom 8 жыл бұрын
+Jeffrey Andrus on the search as well...
@biggerpockets
@biggerpockets 8 жыл бұрын
+Jeffrey Andrus Best of luck to you :)!
@Ironrodpower
@Ironrodpower 8 жыл бұрын
+BiggerPockets Thanks Brandon or whoever watches these boards:)
@joanyraquel
@joanyraquel 4 жыл бұрын
Can you legally communicate your standards to the tenants? (min credit score, the rent equsl or lower than 1/3 of the salary?)
@desteriapvp5782
@desteriapvp5782 2 жыл бұрын
Of course! Set clear expectations.
@indym375
@indym375 4 жыл бұрын
👂👂 Thank you
@PlanetRockJesus
@PlanetRockJesus 3 жыл бұрын
"Train up a child." Great clue to who YOU are.
@JuanLara1
@JuanLara1 8 жыл бұрын
Great Video
@biggerpockets
@biggerpockets 8 жыл бұрын
+Juan lara Thanks for watching!
@realestatemotivator
@realestatemotivator 8 жыл бұрын
+Juan lara agreed!
@Restakescom
@Restakescom 8 жыл бұрын
+Juan lara sure is!
@blanksender7808
@blanksender7808 8 жыл бұрын
The most recent couple of videos may not have been encoded correctly; I noticed several places where the audio / video skipped. Maybe the fault of YT or editing software before the upload? See right about 8:08 for one instance.
@biggerpockets
@biggerpockets 8 жыл бұрын
+D Priv Thanks for the feedback! We will look into this!
@careenspeck149
@careenspeck149 5 жыл бұрын
I have question how to you know their credit score?
@tertiary7
@tertiary7 4 жыл бұрын
creditkarma.com
@jackdavis3490
@jackdavis3490 7 жыл бұрын
I am just looking to rent out my up stairs, any advice??
@ed1pk
@ed1pk 4 жыл бұрын
Jack Davis unless the upstairs has a private entrance, Sounds like you are looking for a roommate basically. Look on Craigslist to see example postings for roommates. And then I would also require a minimum FICO score of 700 and a criminal/background check via Transunion’s smart move tenant screening site.
@themercmaxperspective
@themercmaxperspective Жыл бұрын
A lot of people make mistakes in the past and are looking to better themselves in the future and setting standards like these for profit is inhumane. The way the world is right now how is making 3x the rent and is perfect in all areas of life? Its landlord discrimination
@Falanu
@Falanu 3 жыл бұрын
Watch now because my luck is that i will get an investment property and have problems renting it. Think of all the worst case scenarios and solve them before they can rear their heads
@lorenzovienna934
@lorenzovienna934 3 жыл бұрын
Call the hr dept for the job or boss? Seems like they can fake alot of it including bank account statements.
@Humiliatusservus_Altissimo
@Humiliatusservus_Altissimo 2 жыл бұрын
💯
@Heavyweight252
@Heavyweight252 3 жыл бұрын
People not renting to felons leave felons who straightened up in bad situations everybody makes mistakes
@desteriapvp5782
@desteriapvp5782 2 жыл бұрын
It’s fucked up but you’ve got to realize though that’s their BUSINESS, not a hobby. People can’t afford to take life changing risks like that. Having a bad tenant can make your life hell. Also it is NOT easy to get a bad tenant out. It’s win or lose in this game.
@juanitasullivan3372
@juanitasullivan3372 6 жыл бұрын
Taking too long to get into it.
@jmmacalalag
@jmmacalalag 4 жыл бұрын
Good vid, but he started speaking Chinese at the end of the video.
@bigbosscarries5288
@bigbosscarries5288 3 жыл бұрын
What does a felony have to deal with anything
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