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Every Landlord's Guide to Finding Great Tenants

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ISBN-10: 1413318924

ISBN-13: 9781413318920

Edition: 3rd 2013

Authors: Attorney Portman

List price: $24.99
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Description:

Searching for the perfect tenant? Get the only book devoted to the most important decision a landlord can make!Landlords face many challenges, but choosing new tenants has the greatest potential to affect your bottom line. Fortunately,Every Landlord's Guide to Finding Great Tenantscan help you find the right tenant for your rental property!Let this book guide you through the process of attracting, screening and selecting the best renters available. Get timely advice on:.effective advertising.phone screening.presenting the unit.evaluating applications.examining credit reports.checking references.discrimination basics.making a rental offer.rejecting applicantsEvery Landlord's Guide to Finding…    
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Book details

List price: $24.99
Edition: 3rd
Copyright year: 2013
Publisher: NOLO
Publication date: 8/2/2013
Binding: Paperback
Pages: 488
Size: 7.00" wide x 9.00" long x 1.00" tall
Weight: 1.628
Language: English

Choosing Good Tenants Makes Good Business Sense
What's the law got to do with it?
Is this book for you?
Ten ways to keep your rental business profitable
How to use the Landlord's Forms Library
Why good record keeping is so important-and how to do it
Complying With Discrimination Laws
Fair housing complaints are numerous and costly
Legal discrimination: Valid reasons for rejecting applicants
Rental properties exempt from antidiscrimination laws
Types of illegal discrimination
Occupancy standards: How many tenants are too many?
Managers and discrimination
How to Deal With Current Tenants-Before You Look for New Ones
Send departing tenants a move-out letter
Do a pre-move-out inspection of the rental
Inform tenants of your plans to advertise and show the rental
Ask departing tenants to complete an exit questionnaire
How to work with tenants who are not leaving voluntarily
What happens when you can't deliver the rental on time?
How to Advertise Effectively
Identify your market
Create a Marketing Worksheet
Use word-of-mouth
Set up a tenant referral program
Post "For Rent" signs
Advertise in the newspapers
Use an online rental service
Post flyers on neighborhood bulletin boards and online
Make your own website
Take advantage of free listings on craigslist.org
List with local employers
Use a real estate office to advertise for and screen tenants
How Should You Show Your Rental?
Individual property tours
Private open houses
Public open houses
Preparing Your Rental Application and Screening Materials
Your rental policies
Your rental application
Consent to contact references and perform credit check
Credit check payment
Receipt for credit check fee
Consent to criminal and background check
Legal status in the United States
Lease or rental agreement
Fielding Initial Questions and Phone Screening
Make it easy to reach you
Prepare a Rental Property Fact Sheet
Prepare a Rental Property Comparison Chart
Prepare a Tenant Information Sheet
How to prescreen over the phone or in person
Carefully document your conclusions
Dealing with on-the-fence callers
Schedule a site visit
Should you negotiate on the first call or conversation?
Prepare Your Rental for an Open House or Showing
Prepare the rental unit for an attractive showing
Prepare the rental unit for a safe showing
Prepare the rental unit for a secure showing
How to plan for and do repairs and refurbishing
Face to Face: Showing the Rental and Negotiating With Prospective Tenants
How to hold an open house
How to conduct an individual showing
Talk with your visitors and answer questions
Field questions thoughtfully
Sell your property, but don't puff
How to negotiate with prospective tenants
Discussions with applicants with a disability
Identify prospective tenants
What's the next step for your visitors?
Conduct a wrap-up
Evaluating Rental Applications
Log in every application
Confirm receipt of credit check fee and consent form
How to review Rental Applications
Summing up the answers
Evaluating the application answers
Rank your applications
Decide how many applications will advance to credit checks and reference checks
Checking Applicants' Credit Reports
How to get a credit report
What's in a credit report?
The limits of credit reports
How to evaluate an applicant's credit report
Rerank your applications
Handle credit reports, criminal background reports, and tenant-screening reports carefully
Checking Landlord, Employer, and Personal References
Contact past and current landlords
Contact current employer
Contact personal references
Reranking and rejecting applicants after talking with references
Checking Applicants' Criminal Backgrounds
Your qualified legal right to reject tenants with criminal backgrounds
How to avoid renting to people with dangerous criminal backgrounds
The basics of criminal background checks
The risks of running a criminal background check
The risks of not running a criminal background check
How to decide whether to do a criminal background check
Inform prospective tenants of your policy and get consent
How to do a Megan's Law search on your own
How to get a criminal background report
How to reject following a Megan's Law or criminal background check
How to Choose and Work With a Tenant-Screening Agency
How useful are tenant-screening services?
Obtain written consent from applicants
How to find a tenant-screening service (and how much they cost)
How to evaluate services provided by tenant-screening firms
How to use the screening report
Accepting and rejecting applicants based on screening reports
Choosing Your New Tenant
What to do when you have no qualified applicants
How to choose among qualified applicants
How to communicate an acceptance
Conditional acceptances and adverse action letters
How to deal with cosigners
Holding deposits
Signing the lease or rental agreement
How to Reject-What to Say, What to Write
Ten tips on how to reject
Adverse action letters
Rejections: How to say them, how to write them
Communicate postapplication rejections by mail or email
Appendix: Using Forms
Editing RTFs
List of Forms
Index