matter! What are your own standards and policies for a potential tenant’s outward appearance and hygiene? • Will you require every person over 18 in t r 18 in the house to apply? I recommend you have every adult who will be living in your home apply. What if the main applicant is “clean” and meets all your requirements, but the others have low credit, no job, a criminal record, or poor tenancy history? Even if your potential tenants are two parents with young adult children, have these children apply, too. You need to know who will be living in your home! You don’t want to be held legally liable for adult children who engage in criminal behavior because you didn’t bother to have them apply. You’ll want to avoid this situation, too: Many groups of people will try to rent a house together and have whoever looks “good on paper” fill out the rental application, while the others, who don’t look so “good,” move in later. Do the same with any co-signer on the lease. Put some policies in place as part of your minimum qualification standards. For example, a co-signer should have good — if not great — credit. Maybe you’re thinking this is overkill, that these questions are too in-depth, too “over the top,” too unnecessary, too nosy, too, well, stupid. But don’t forget: You’re letting other people — strangers — into your property to live there. While you might be tempted to give people the benefit of the doubt and skip out on the minimum qualification standards, this is very risky and potentially disastrous. As I’ve said before, you have the right to know who is going to be living in your home, and you need to be comfortable with your decision. You’re essentially risking your property and your livelihood. Someone could stiff you out of rental payments or
93
Powered by FlippingBook