Residential Tenant Qualification Application Form: Fill & Download for Free

Firstly, let me list the tasks that you’ll have to do to rent a place out:Repair/Clean the house—unless you purchased a turnkey (sparkling clean needing no repairs or cleaning), you’ll usually need to make at least some minor repairs, such as changing an old faucet, patching a small hole in a wall, replacing a stove, etc. You’ll then need to clean it to make it look presentablePromote the rental—the single best way to promote a rental is simply to place a “For Rent” sign in the front yard of the property. This will garner more views by people that know the area and are comfortable living there. You can also post on Zillow, which will automatically post on Trulia and other web sites associated with Zillow. On the rental description, make sure to put a tenant’s qualifications so that you don’t get calls from unqualified tenantsReceive rental inquiries—this is preferrably done through phone or email. Here you give the prospective tenant the opportunity to ask any questions (which should be minimal as you should update your rental description with answers to FAQ), but also to reiterate the rental qualifications so that they don’t make you waste time showing the property if they are unqualified. Make sure to emphasize that the first month’s rent, a security deposit, and a pet deposit (if any) will be required upfront, before the move-in date. Do not provide a payment plan unless they’ll pay before their move in date. Not having all money upfront is indicative of a bad tenantShow rental—you show the rental to prospective renters that pass the phone/email screen. If the tenant is still interested, you ask them to fill an applicationProcess application—you run their credit, check employment, check past residences, and check referencesRent property—you choose tge best qualified applicant to rent the property to. Make sure to collect the first month’s rent, a security deposit, and a pet deposit (if any) upfrontYou’ll have to repeat this process every time someone moves out of your rental, not to mention routine maintenance where a tenant calls you to fix things that break down while they are renting your property. If you have more than one rental, your time and quality of life will suffer. My advise would be to get a property manager from the moment the property becomes yours. For 10% of the monthly rent, the property manager will handle all these tasks and probably do a better job than you. They’ll get better quality tenants and look over your property when you’re on vacation and much more.

Formalize and legally-protect myself as a landlord for a business with written paperwork for every single step in the entire process, from advertisement, to application, through rental agreement, all the way through move-in and move-out apartment condition checklists.Here is my packet of documents:———————————————Roadmap.docADU ad.docTenant Screening and Requirements.docRental Applicationv2.docRental Verification of Existing or Past Tenantv2.docProspective Tenant Holding Deposit Receipt.docNotice of Multiple Prospective Tenants Selection Criteria.docExpediated Handling.docxProspective Tenant Rejection Letter.docRENTAL AGREEMENTv5.docRENTAL AGREEMENT OR RESIDENTIAL LEASEv5.docNew Tenant Checklist.docBasement Apartment Unit Condition Checklist.xlsNotice to Pay Rent or Quit.docFavorableReference.docThe Roadmap is an overview of the entire process and explains the timing of the other documents.ADU ad.doc is the advertisement for the Auxiliary Dwelling UnitTenant Screening and Requirements.doc is an internal confidential document that I established which details all the minimum parameters and combinations of those parameters that quality a prospective renter for tenancy. This includes things like credit scores, length of employment, length of rental history, amount of security deposit, minimum debt-to-income ratios. This keeps me on-track with not getting too lax in the approval process and is another checklist to follow to ensure that I remember things like background checks, and this also provides the process on how to gather all of the information that I need for evaluation.Rental Applicationv2.doc is the formal written application, just like you would see at any apartment complex.Rental Verification of Existing or Past Tenantv2.doc is a form that I send to the prospective tenant’s prior landlord.Prospective Tenant Holding Deposit Receipt.doc is a deposit that a prospective tenant makes while I continue to verify their income, credit and complete background checks.Notice of Multiple Prospective Tenants Selection Criteria.doc is a disclaimer document that I give to all prospective tenants that states that I can deny any prospective tenant on the basis that I can opt to select the most qualified tenant, not just any tenant who meets the minimum qualifications. This allows me to wait for a reasonable period of time to gather enough applications to have a small pool to choose from.Expediated Handling.docx is a document that I provide a prospective tenant if they want to fast-track the process and gather for me: their credit report, letter from their current employer stating income and length of employment, pull their own criminal background check, and otherwise do all of the things that I would end up doing. If a prospective tenant can do this work for me, saving me time, then I can save them time by providing them a quick approval, provide that they meet all the provisions in Tenent Screening and Requirements.doc.Prospective Tenant Rejection Letter.doc is a document that I provide prospective tenants if they do not qualify or if they are not selected.RENTAL AGREEMENTv5.doc is a formal written legal document that (along with all of the documents listed here) has been vetted by my personal attorney to be in compliance with all federal, state and local laws, including the Federal Fair Housing Act. This legal document is signed, dated and serves as a legally-binding contract and covers almost any possible situation that ever could happen. With Colorado legalizing recreational marijuana as well as conceal carry laws, I address both of these laws and how they fit into the rental contract. Things like “no incandescent marijuana grow operations allowed, or the sale or manufacture of…” are language that appears in the rental agreement.New Tenant Checklist.doc is a checklist of what to ensure that I complete prior to the tenant’s move in date, that includes things like carpet cleaning, general cleaning, repairs, mailbox key, house keys and anything else that the tenant will need upon taking occupancy.Basement Apartment Unit Condition Checklist.xls is a checklist of each item and part of the apartment structure that is evaluated upon walk-thru for both move-in and move-out and any existing or subsequent damages are noted or taken out of the security deposit, if applicable.Notice to Pay Rent or Quit.doc is a legal document that is only used if the tenant does not pay rent or breaches the rental agreement.FavorableReference.doc is a reference documented potentially provided to a tenant’s subsequent prospective landlords after move-out, if applicable and if so, upon request.—-In my opinion, doing any less is running your rental business half-assed. Rules need to be communicated, in-writing, and nothing should be ambiguous. Introducing ambiguity often is quickly followed by a tenant encroaching as far as they can until that very ambiguity is clarified and limits are set.If you tell your tenant that they can use the outside hot tub, and your un-communicated expectation that they will be using the hot tub alone and quietly - the reality is that unless specified, they can just as easily see that entitlement to include throwing a party with loud music, booze, drugs and hookers. Imagine the worst and be prepared to author limits that define what is and what is not acceptable. Your standards are not their standards.These documents do more than just serve as a reactive legal firewall: they effectively “run” the business, so that my role as landlord is merely to execute everything uniformly and not deviate in how things are done. If in doubt, I have already established rules and guidelines for myself to follow - there is nothing to have to think about, only tasks to do and complete.These documents are the communication vehicle between my former self that is the leadership, my current self which is the property manager, and both prospective and current tenants. I even include a provision in my own internal confidential documents that state the extremely-narrow conditions that would allow me to consider rent-forgiveness - and this is nearly impossible for any tenant to quality. This keeps me in-check from not getting soft in my old age and entertaining can’t-pay-rent-sob-stories.It is important to have a business plan and have your shit-together, to run your operation smoothly, to project strength, leadership, professionalism and credibility to your prospective and current tenants. Failure to project these qualities invite folks to only take advantage of you, of any ambiguity or angle that one can to their gain. A robust process backed up by professional documentation is one of many firewalls that protect you as the landlord, both pre-emptively, as well as limit any legal exposure.You have to let folks know who is in-charge and set the tone accordingly. Their occupancy does not afford anyone the latitude to be making ownership-type decisions, or avoid taking responsibility altogether, and this must be explicitly laid out in writing. No friendship deals, no deals based on handshakes like in the “Good ‘Ol Days”, no salt-of-the-Earth folksy bullshit, no politics or ideologies - but plain fucking by-the-book, to the letter of the law business and no fucking bullshit. No sob stories. No excuses. No justifications and no problems. Never on the landlord’s shoulders.Nice, polite, professional, who offers a service - as the party who owns the equity interest in the property, the one where the buck stops here. Underneath that polished professional exterior is also a viscous pitbull, presented indirectly and peripherally, that is understood that no one wants to fuck with - you not fucking around - this is business and you mean business. As a landlord, you are fair, honest and forthright in all of your dealings - but as soon as you smell bullshit, you can become a bastard enforcer and have retained legal council a mere phone call away on speed-dial, who have Process Servers triggered, and who are on a first name basis with the local Sheriff’s department. Heavy handed tactics only need an ever-so-slight glimpse that cautiously eludes that YOU HAVE GOT THINGS HANDLED, AND CAN STEP UP TO THE PLATE TO MAKE SURE THAT THINGS QUICKLY GET AND STAY HANDLED. This way, folks do not take advantage of you, and if they are foolish enough to try, you even already have a plan in place to ensure that business gets handled in that arena too.The best way to handle an renter who cannot afford to pay his rent is to generate the perception well in-advance, that the “Dog ate my homework” excuse is not going to fly with you. If he knows that you are no pushover, and he might not like the outcome if he tries to score a freebie out of you, then he might just tend to solving his own problems with his own resources (and not your resources), which are problems that you will never have to hear about, as he continues to pay his rent on-time.

I learned a new word concept today!Thank you for asking What does PropTech mean?What are the hottest PropTech investments?Right now I would say the marriage between Zimco and SnapDocs[1][1][1][1] would be pretty hot!Snapdocs raises $25 million to streamline mortgages with AI.Nov 7, 2019 - Real estate tech company Snapdocs today revealed that it has raised $25 million in series B funding to further develop its products and ...Atlant is making an effort to create a decentralized real estate marketplace. They try to achieve those results with tokenized ownership and p2p rentals. Tokenized ownership makes it easier to operate real estate assets and boosts their liquidity in the secondary markets. With peer-to-peer rental company endeavors distorting the monopoly of real estate agents, they are significantly reducing fees for tenants and landlords.[2][2][2][2]What is “proptech” Technology for Real estate?Bowery is redefining the industry of real estate appraisals with their cutting-edge technology, expertise, and big data. Bowery offers a cloud-based appraisal writing software that automates and speeds up the process compared to their leading competitors. The software utilizes a natural language generator and robust backend database. The software is easy to use and has a mobile application.[3][3][3][3]Zimco Stands for Zero Interest Mortgage Corporation[4][4][4][4]https://www.quora.com/What-is-a-zero-interest-mortgageBuildiumThis is an intuitive and efficient cloud-based property management software. It is affordable and perfect for the medium size property management and small landlords. It allows users to efficiently manage all day-to-day operations in one place.EnertivEnertiv digitizes the physical infrastructure to streamline the management and operations of large buildings. They install circuit-level sensors on every valuable piece of equipment, track the crucial indicators and analyze the data streams. These open tremendous possibilities for enhancing the safety and efficiency of elevators, boilers, exhaust fans and air conditioning.FlipFlip provide a digital communication platform for rentals. They provide flexibility for renters and landlords. They provide a seamless experience for those looking to sublet or search for a home for a short period of time. Flip manages the entire process from screening the potential candidates to the payment of security deposits.FixfloThis innovative software solution effectively connects commercial and residential properties and maintenance professionals. This is a communication and business tool that provide a seamless experience of repair.FoyrFoyr was created in Bangalore, the Indian Silicon Valley. It was the first online interior designer. With the simple interface and request forms, Foyr tailor specific design solutions for your home. They measure the key indicators of your interior and adjust it to your cultural background.hOMThis company is a ground-breaking technology-centered amenities provider for large residential and office facilities. They partner with third-party vendors, like event planners and fitness trainers to organize on-site events and activities. They create a unique living and working experience without the need to hire PR professionals or entertainment teams. If you want to entertain your tenants or employees this is the place to go.MashvisorMashvisor is a real estate data analytics company which helps investors find lucrative traditional and Airbnb rental properties. Their platform uses big data and predictive analytics to analyze the investment potential of properties. They use AI and machine learning to match buyers with the most appropriate investment properties.LandbayIt is an online platform for peer-to-peer lending. It matches lenders with borrowers and creates a venue for alternative investment. Landbay lets regular customers benefit from the British property market through investment and direct ownership. They offer a personal approach and tailored solution for specific needs and circumstances.No AgentThe monopoly of brokerages and real estate agencies plagued the industry for years. They established a firm grip on entire regions, positioning themselves as the only gateway for renting and selling property. Their position allowed them to charge high commissions with minimal effort.Property owners can try to market property themselves, but usually, they lack even the basic expertise. No Agent is changing this and enables landlords to manage their property professionally. No Agent’s advanced knowledge and technological toolkit allow landlords to operate the process autonomously with minimum spendings.Open Door LabsThe company serves as a digital intermediary for the sales deals. This company frees you from all the hassle of selling a home. They purchase a property from you and take care of the rest. They use big data and advanced market assessment algorithms to give a fair price for your property.Open ListingsThis company streamlines the process of buying a home, making it easy and affordable. Open Listings innovative platform allows anyone to buy a house without the assistance of the real estate agent. Prospective buyers can manage all the process online with the self-service platform and in-house consultants. The platform saves up to half of the money that would usually go to the commission of the real estate agent.Property DetectiveThis digital service allows you to asses the area you are planning to move to. It compiles a comprehensive report on various neighborhoods about the quality of schools, crime rate, and many other factors.Purple BricksThis is a digital real estate agency that provides a full package of services for a fixed fee. Instead of hiring an agent or broker, you pay a one-time fee and let the digital professionals market and advertise your property.PeerStreetPeerStreet takes an innovative approach to real estate debt and peer-to-peer lending. They provide interested investors access to the market of real estate debt. PeerStreet enables investments in high-yield mortgages and real estate-backed loans. It is a great tool to diversify your investment portfolio and enter the lucrative market which was previously monopolized by big banks.RavtiRavti is the ultimate outsource option for air conditioning, heating, and ventilation (HVAC). It removes the headache of dealing with sophisticated technical equipment for big property management. Ravti procures, tracks, and manages HVAC for big residential and office buildings.RealtySharesRealtyShares is a pioneer in real estate crowdfunding. This industry is aiming to provide access for small investors to big real estate development projects. RealtyShares enable investors to buy shares in pre-vetted real estate properties with as little as $5,000.RentberryRentberry is an innovative rental platform that enables direct interactions between tenants and landlords. It is an all-in-one platform that allow users to submit rental applications, track maintenance, requests candidate screenings, and e-sign rental agreements. One of the unique features of Rentberry is the custom offer feature that allows tenants to negotiate the rent price transparently through the platform.RepositSecurity deposits are a blessing and a curse. On the one hand, it provides security and confidence to the landlord. On the other hand, security deposits require tenants to pay a large sum of money which may or may not be returned. The British startup, Reposit, is offering a healthy alternative to this system. Tenants pay a one-time non-refundable fee equivalent to a half-months rent, while the landlord receives a half-year of the property insurance.RileyModern sales and business development are all about leads. Leads come from everywhere, and it is hard to access their quality and relevance. Riley offers lead qualification as a service. Real estate agents and brokers can send leads to the Riley’s Concierge service, and in a matter of minutes Riley will assess and qualify them and pass them back to the agent.SeeableReal Estate is all about digits: median sales price, closing price, crime rate etc. It is hard to navigate in this word of raw data. Seeable aim to transform this grim situation and provide a powerful visualization tool for real estate. They create 3D Building Information Models that make all the information about the asset visible and accessible to a large audience. It is especially useful for regular non-professional users that need to access crucial information in a simple form. Seeable offers 3D and 2D applications for various platforms.SquareFootThis company focuses on commercial real estate leasing. They customize the leasing process from initial search and open-houses to lease negotiations. SquareFoot is an online listing platform that provides tools for effective renting.TrussleThis company provides cutting-edge financial advice on mortgages. Trussle provides a comprehensive assessment of the various aspect of the market as well as personal finances. It calculates what you can borrow and does a search of thousands of available mortgages and shows you the best offer.VR ListingThis company focuses on the immersive technologies of real estate marketing. They offer various turn-key packages and solutions to real estate. They work on the cutting-edge augmented reality and interactive technologies for real estate agents.Disclosure: The above companies may be under consideration for acquistion by subsidiaries of the Infinite Freedom Foundations of Earth International and the data was curated from this and other links found online: 25 Innovative Real Estate StartupsFootnotes[1] snapdocs raises $25m - Google Search[1] snapdocs raises $25m - Google Search[1] snapdocs raises $25m - Google Search[1] snapdocs raises $25m - Google Search[2] 25 Innovative Real Estate Startups[2] 25 Innovative Real Estate Startups[2] 25 Innovative Real Estate Startups[2] 25 Innovative Real Estate Startups[3] Bowery Valuation[3] Bowery Valuation[3] Bowery Valuation[3] Bowery Valuation[4] Why is a zero interest mortgage not the same thing as a free no-cost mortgage?[4] Why is a zero interest mortgage not the same thing as a free no-cost mortgage?[4] Why is a zero interest mortgage not the same thing as a free no-cost mortgage?[4] Why is a zero interest mortgage not the same thing as a free no-cost mortgage?