Rent Perfect with David Pickron

When it comes to what you say regarding pretty much anything to your tenant, a good rule of thumb is to not share any more than is necessary.  Raising rent?  You don't owe the tenant an explanation.  Changing a policy?  Again, you don't owe them anything other than proper notice.  Listen as David shares a story about how an owner shared too much regarding an upcoming raise in rent and how that is likely going to cost the owner in the long run.

With rents on the rise, security deposits are rising too, causing many renters to be short on available cash to secure the required security deposit.  Taking a partial security deposit can be tricky.  David Pickron discusses why you need to tread lightly when accepting partial security deposits.   

Every landlord should act like a private investigator, and that starts by observing applicant behavior during the showing and on-boarding process.  If an applicant is afraid to answer questions or provide even the most basic documentation then you should have questions.  

There is a direct correlation between a tenant applicants criminal history and their credit scores, which ultimately affects their ability to pay rent.  If government takes away your ability to view the applicants criminal background, you are losing a powerful tool in finding and approving the right "business partner" to occupy your rental property.  

When the economy flattens or enters a downturn, you have to ask if short-term rental properties are still a good investment.  Rent Perfect President David Pickron and Scot Aubrey talk the strategy behind buying short-term rental properties and why the $10K Vacay is helping that market grow.

Viewing your tenants as a business partner immediately changes the relationship you have with them.  By following the items outlined in this episode of the Rent Perfect podcast you can take your current and future tenants from a relationship to a partnership.

Sometimes tenants have fallen into hard times; they have the money to pay the rent, but don't qualify for your property.  If they offer to pre-pay the rent, you need to follow the steps discussed during this episode of the Rent Perfect podcast.

With evictions returning to pre-Covid numbers, landlords are utilizing eviction records again in qualifying tenants.  While credit and criminal records are important, how a tenant have taken care of a past property is the strongest indicator of how they will treat your property.  Always include eviction checks where they are available to get the best possible look at your future tenants.

Critical to being a successful landlord is knowing exactly who is applying as a tenant for your property.   Rent Perfect President David Pickron discusses why having an investigative background check, including all known aliases, is so important when onboarding a new tenant.  

Add this smoking policy to protect your property.  One of the quickest ways a property can be devalued happens when a tenant or guest smokes or does other things in/on your property that create obnoxious odors.  David and Scot discuss what steps you can take with your lease to help ensure your property maintains it's value and decreases the potential for your tenant to destroy your property.