The 5 Steps of Screening Tenants - Page 5

The 5 Steps of Screening Tenants - Page 5

Article Index
The 5 Steps of Screening Tenants
Step 1: First Contact
Step 2: Showing the Property
Step 3: The Application Process
Step 4: The Approval Process
Step 5: The Lease Signing
All Pages

STEP 4: The Approval Process

This is usually a fun part, but keep in mind that you are still screening the applicant while preparing him or her for the next step. I like to congratulate the applicant on being approved and let them know they came in 1st place. Also, let them know if you made any special concessions just for them, such as overlooking minor credit infractions, etc.

This process is also an opportunity for you to make sure the applicant can and will deliver. Set the time, date and place for your lease signing. Instruct the applicant(s) to bring the proper amounts of monies, identification (if you don't already have it), and how you prefer to be paid. (Check*, money order or cash)

* Be sure to tell your new tenants that possession or keys will be given only after checks have cleared.