Couple of things:
-when you list a property let all calls go to voicemail and make your voicemail greeting a description about the property. You can tell a lot about people just by their voice in the message they leave you. And you can reject all day long via text. When you get a few properties invest in a phone just for the properties or get a mirror number
-just because their credit is crap don't necessarily reject them, there's a reason they aren't in a house (credit is crap), if they have good rental history and your rent is <25% of their income welcome home
-see what their car looks like when they come to walk through the property - how they treat their car is how they will treat your property
-find them on facebook, etc and you can pretty much peg them for what type of renter they will be
-most counties post court/jail/etc records online, check all the adjoining counties

I could keep going but get on biggerpockets and do some studying, lots of screening tips on there

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Posted by LSUTigers00884

Lafayette

Member since Oct 2011

1160 posts

Posted on 6/18/22 at 4:06 pm to geauxnc0308

Just coming back into this thread.

The best way to protect yourself on future real estate investments:

1. Never be higher than 80% LTV. This is purchase price, closing costs, & repairs.

2. Your income (rent) should be 25% income over expenses (mortgage, insurance, taxes).

3. Find a local bank that will only require 10% down (MC Bank) and some others that require no money down (I can’t disclose, ha). This will help you keep cash on you for unexpected expenses.

Hope this helps.

This post was edited on 6/18/22 at 4:07 pm

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