Handy Tenant Screening Tactic (Saves You Tons of Time)

http://REItips.com - So......you ever felt like ripping fistfuls of hair from your own scalp over the onslaught of ridiculously unqualified people that call when you start advertising a newly vacant rental?

I know I sure have. It's weird I know, but I find myself actually wanting to rent the dang house and simultaneously wanting to avoid the stream of prospective tenant calls necessary to do so. (My mind truly amazes me sometimes -- and no, I haven't hired someone to handle that part for me yet. BAD me!)

So how'd you like a simple $7 trick to slash the number of calls you get, and thus reclaim scads of precious time (and maybe some hair)? As a follow up to "The Awesomest Way to Murder Roaches (Even the Pregnant Mamas)" I offer you another little nugget of joy from my buddy and real estate investing sherpa Chris Wark that promises just that.

This real estate investor has been actively swimming deep and hard in the "buy, fix and hold" waters for the last 7-ish years, and now manages 65 or so units. Sure, there are many who've been around longer or managed more, but I can tell you Chris is like an stinkin' Oracle on Property / Tenant Management at this point, and just oozes handy "Gosh, why didn't I think of that before" kind of stuff every time I'm around him. Definitely one of my mentors in the local arena.

And before you watch, let's see how cool you are (in my eyes) with this...

Challenge Question: To which crazy awesome TV show do I briefly pay homage at some point in this video? (Leave it in the comments if you know. :-) )

Category:

People & Blogs

Tags:

• real
• estate
• investing
• investor
• property
• tenant
• management
• manager
• tip
• tips
• chris
• wark
• rei
• flipping
• lease
• leasing

[cardchr]

wow, this is so common sense i cant believe there is a video about it.

[ciceromatrix]

Thank u so much guys. Great tip

[bobbyvl]

Unless your rental is on a very busy street, most people will call from Craig's List that already have all the information.

[tsx1561]

Good tip. The fewer unnessary phone calls the better.

[dantheinfoman]

oops, upon my googling of this it's Conan. That's right.

[dantheinfoman]

Mystery science theater 3000? Awesome tip by the way.

[mseifert52]

Sounds like a good idea. I'm going to try that. I always thought that wasn't a good idea. One sign produces tons of calls. I've wasted tons of time on the phone in the past.. Thanks. Mike Seifert,

[GypsyKing7]

good 1

[energywiseproperties]

We put a sign on a busy street with the address and the property info like 2/2. Then we put another sign at the property with the phone number. People do not call you unless they can find the property. Great way to screen.

[1lowminitruck]

As far as I see it there are 2 ways too look at this 1 its good to filter the calls before the the interested party calls . This way you are spending less time on the phone how ever #2 if you are getting several calls then you can get there name number and what there looking for if you dont have it allready . Then you have a potentual renters info when you get your next investment property or when something comes avalable . Then your rentals are filled much faster than waiting on a phone call