Rolanda Wilson - YOUR NO-RISK GUIDE TO RENTING OUT YOUR PROPERTY

for renting your property. You could simply reply, “No, I will not reduce my deposit requirements. If you can afford the deposit, great, but I will not reduce the deposit requirements. It’s my policy.”

SOMEONE WHO ASKS ABOUT BACKGROUND CHECKS

Major red flag! Run far away from someone who asks this. They have something they want to hide—something they don’t want you to find out about. This person could very easily be a “bad apple” and someone who’s just worth the high risk. “Actually, I do background checks on all applicants,” you should say. “Do you think that will be a problem?” Wait to see their reaction and hear their response.

SOMEONE WHO'S LATE TO THE SHOWING

If you’ve arranged to meet at 3 p.m. on Saturday for a showing of your property, and they don’t show up until 3:15, that’s a red flag that this individual might not take their responsibilities seriously. You might want to consider denying their application, as long as you’re within the guidelines of local rental-related laws.

SOMEONE BREAKING THEIR LEASE

If someone is breaking their lease with their current landlord to move into your home, what’s to protect you when they decide they want to break the lease with you? That’s a big red flag, and most landlords will not accept somebody who’s breaking a lease with their current landlord. It’s just too risky!

SOMEONE EVASIVE WITH YOUR QUESTIONS

Another red flag: Tenants who are evasive with your questions.

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