How To Sign Maryland Banking Rental Application

How to industry sign banking maryland rental application

either everyone says ryans from the Southern Maryland office of real property management gulf locally serving st. Mary's Charles and Calvert County out of offices in Lexington Park and Waldorf today I want to discuss a very important topic for the rental industry and that is tenant screening we do get a lot of questions about how you guys screen your tenants why'd you guys screen your tenants you know things like that so I'm going to detail in just some things that you can look out for as a landlord or make sure that you put the best quality tenant into your property okay so the first thing you want to do is it starts even before you have the prospective tenant you want to create a rental listing that makes it very clear what your criteria is for renting the property you want to make sure that you put what your credit requirement is going to be you want to put what you know your your rental history needs to be whether or not you're going to accept pets all those different kinds of things for the rental in your listing and make it clear before you start showing the property to people what those expectations are because you don't want to waste your time showing a property to people who aren't qualified to begin with you do however need to be careful that you do not describe what kind of renter you want you can put down qualifications but you cannot describe what kind of rents are they want because what kind of renter you want because that could be considered a fair housing violation a more info and fair housing can also be found on our site but just make sure you make it clear and your listing exactly what you know what your criteria is for renting the next thing you want to do is when someone call then they see your listing when they call in you want to talk to them before you show them the property you want a free screen mode of them you want to ask them some open-ended questions and just see if they if they say anything while they're answering is open to questions that would disqualify them from renting the home of course they're going to you know if you ask them directly you know are you this are you that or you want are you going to do this they're going to say just whatever they think you want here we have to open into question and they don't haven't seen the qualifications listing and they tell you the truth and ya know meet the qualifications just kick them to the side and move on to the next person on this happens quite often and a lot of times when you're showing when you have a rental listing out there you know especially in our part of Southern Maryland here you know probably probably half the people that call are not qualified on all fronts the property and they're just wasting their time or they're looking for some sucker to just let them move in the house so make sure screen them out before you show them the property next thing you want to do is if you find someone you think is qualified the rent you want to show them the property when they come to the property there's certain things that you want to assess with them when they get there this includes are they on time if the person is on time in respect your time Cancellara Fiorenza them they're going to respect your time when they become a tenant you also want to check and see if they're really nitpicky about things you know there's there are things that can need to be addressed but if they go through an a nitpick the whole house and complain about things you probably don't want to rent to them because once they move in there going to do the same thing and then you're going to have a legal output you're going to be obligated to take action or have to deal with them consistently throughout the tendency next thing you want to do is you want have a rental application so you know that you've shown the house to say they want their interest so they want to move forward make sure you send them a clear rental application make sure that you have everyone over the age of 18 there's going to be residing in the rental fill out the application you know sometimes the spouse will have better credit than than the other one or there will be you know will have children who are you know who are college age who may have criminal records things like that so you want to get an application from everyone over the age of 18 you want to make sure that you let them know that you're going to run a screening on them once you receive that application and take an application fee a lot of people who know they're not going to qualified aren't going to waste the forty dollars on an application fee so make sure that you collect an application fee and also give you a little bit of money just to make sure that you can pay for credit checks that are criminal background and things like that because those dudes got do cost money online ok so you receive the rental application the next thing you want to do is you want to look into this first of all you want to check and see you make sure that they make enough money make sure you get real pay stubs it's actually that person you also want to ask for an ID so you can match match up and make sure that they are the person who they say they are a copy of ID usually usually usually suffices once you have once you have that you want to go ahead and run their credit you can do that through experience you know any of the credit agencies can assist you with running credit your local mall login to the Maryland judiciary case search website this is probably easiest way to run a background check just go and just type the name into that and I'll give you an idea if they have anything going on criminally in regards to it you won't have to pay for a screening for in regards to a criminal in regards to criminal matters you also want to you you want to check and see what their previous rental history was if they are arising from an apartment complex or another rent reputable management company you can go ahead and call that reference because more than likely they will give you some useful information however be careful if they give you just the name of some guy who they claim with their landlord a lot of times we find that this is fake if you can't verify the landlord you know because it's not a professional company ask them to provide you with copies of the check showing that they paid their rent every month on time or bank statements showing that they paid the rent every month on time bank statements and hard documents don't lie in this game so always you can always ask for those to verify that they pay rent verifying that a person is paid right on time at the previous residence is the number one way to ensure that you're going to get your rent on time and your residence once you have someone who's qualified and you want them to move into your property go ahead and drop the leash and get them 24 to 24 to 48 hours to sign it and provide you with the security deposit we usually take the security deposit as a whole deposit on the property usually if someone's going to give you one full month's rent they're not going to back out of the lease at the last minute you can put in the lease that if they back out once they sign and they don't excellent move in you get to keep that deposit if you want to go ahead and hold that make sure it clears last thing you want to do is when they're ready to move in you want to make sure that you take their first month's rent and deposit in certified funds do not accept a personal check a lot of times with that personal cheque bounces and you let them move in and you have to go through the eviction process so you can actually potentially you can move somebody in who has not paid anything and they will get to stay in your house from probably six to twelve weeks as you're going through the eviction process without even you receiving a cent if they bounce that initial rent check so be careful on that alright this is ryan bertucci for the southern maryland office of real property management I hope this blog was helpful we have plenty of others on our site so feel free to check them out if you have any questions just give us a call here at the office thanks you [Music]