When you process your rental applications properly, you will be able to see exactly what your rental unit will look like six months in the future.
For starters, there are two basic methods involving the rental application.
There are two separate distinct ways for you to handle these properly to CYA (protect your butt). Both methods have their dos and don'ts and we will get the “how to do each of them” later in this chapter. But first, some basics to know before you pull the trigger. Let's avoid Fire, Ready, Aim!
YOU are relying on the information submitted on their rental application and the information you gather as the foundation for you to make a HUGE decision on whether to give them the keys to your precious and valuable investment property.
Rental business requires work. It's up to you to choose when—front end or back end. (The front end makes your life 10 times easier and more profitable.)
How many times have you heard someone say…
“Been There, Done That. NEVER again will I do rentals. I fix it up, make it nice, they tear it up, move out, and I've got to do it all over again. NEVER!”
And you just get to sit there and take it with no response to destroy their attitude and make you look ...