How to find tenants who can pass the HOA Screening and requirements is the question this week for Ask Landlord Hank. Remember Hank is not an attorney and he is not offering legal advice. If you have a question for him please fill out the form below.
Hi Hank,
Our condo will be going up for lease probably on November 1st or December 1st.
We have managed the leasing ourselves for the past couple of tenants and are now considering using an agency.
One concern for us has been that the pool of people responding to our ads for the condo have been people who could not pass the screening in our HOA.
Can you tell me where you advertise properties and how you screen potential tenants?
-Camela
Dear Landlady Camela,
The most important part of the landlord/property-management business plan is to find a good quality tenant.
It sounds like you are doing an excellent job of screening tenants for your place if you know they wouldn’t pass the HOA requirements.
My requirements for a good quality tenant are someone with good credit, who makes at least three times the rent, has a clean background, has good rental history for the last 5 years, is not a sex offender/predator and not on any terror watch list.
This is strictly business, so I don’t mind turning folks down that don’t fit minimum requirements.
We advertise on MLS, our website, Zillow, Trulia, Realtor.com, Hotpads, Facebook, and about 40 other websites you never heard of like Padmapper, Apartments.com and Rental Beast, etc.
The market is very slow now in this area of Florida due to all the inventory in apartments and decreased migration to this area. Be selective; it may take time, but it’s worth it for the right tenant.
Sincerely,
Hank Rossi
Each week I answer questions from landlords and property managers across the country in my “Dear Landlord Hank” blog in the digital magazine Rental Housing Journal. www.rentsrq.com   https://rentalhousingjournal.com/asklandlordhank/
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