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The Tenant placement process is a critical aspect of a property investment. It is essential to secure the right tenant to protect your client's investment and maintain a good client relationship. If a bad tenant is placed, it can cause significant financial losses, headaches, and heartaches for your client and lead to a loss of your credibility as a real estate agent. Therefore, it is crucial to prioritize your client's interest over a leasing commission or personal single financial gain when handling the leasing process.
Credit scores alone are not sufficient indicators of a tenant's suitability. Understanding what to look for beyond an income and credit score is vital. Conducting a thorough interview with prospective tenants using baited questions, performing background checks, examining social media, and scrutinizing tenant applications for possible fraud are all essential steps in the process of selecting the right tenant.
By getting this aspect of the rental process right, everyone benefits. Your client is happy, you retain their trust, and we all avoid unnecessary financial losses.
Jay Silliman, the owner of 7 Real Estate Management, has conducted thousands of tenant interviews. With his vast experience, Jay knows exactly what questions to ask and how to ask them to get the responses he is looking for. Sometimes, it's not just the answer that matters, but also how it's being delivered. Jay can pick up on subtle cues like voice inflection which can indicate whether someone is being honest or not.
Our tenant screening process is very rigorous and designed to ensure that we only accept tenants who meet our strict criteria. We conduct thorough background checks which include employment verification, criminal background checks, rental history verification, and credit history review. Additionally, we review social media posts to gather as much information as possible. Our team also ensures the authenticity of any financial records.
Yes, we are very effective at placing responsible tenants.
1) We have not had to evict any of our tenants in over 10 years. Our tenants pay their rent.
2) Even during the pandemic, when the government suggested that people didn't need to pay their mortgage or rent, not a single tenant of ours missed a rent payment during the entire pandemic period.
ACM Management Group, LLC d/b/a 7 Real Estate Management Services / Ga. License 65006
7 Real Estate Management Services