"Rental Application Overview, Advice, Tips & Tidbits"
As a landlord of
properties, you'll need a good rental application to help conduct the
tenant verification on
potential tenants. Click
to access the one I use, plus 24 other landlord forms, for free.
CONTENTS OF A GOOD RENTAL PROPERTY APPLICATION
Your rental application should provide everything you need to run a credit check, verify income, and investigate previous tenancies. Specifically:
- Name and social security number to check creditworthiness.
- Previous addresses, including prior landlord contact info so you can call and get the scoop.
- Current employment details so you can make sure the applicant can afford the rent, thereby allowing you to get the
property income you need.
- Request for disclosure of prior
Whenever an applicant has previously been evicted, automatically reject him.
- Names of all intended occupants.
RENTAL APPLICATION TIPS
- Charge an application fee to cover your
(I charge $25)
- Ask for ID after the applicant completes the application to verify identity
- Verify written employment info by asking for the applicant's 2 most recent pay stubs
- Call current employers and prior landlords to get information
- If possible, try and verify the written employer phone numbers...you never know if you might be talking to the applicant's buddy on the other end!
- Be skeptical when calling previous landlords (do it, but have your "BS Radar" on high alert)
- If you find any inaccurate info on the rental application, immediately reject the applicant because he is trying to hide something.
DOWNLOAD YOUR FREE RENTAL PROPERTY APPLICATION
to download a PDF version of a property rental application you can use right now (note: you'll need Adobe Reader...to download a copy, click here).
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