House #19 has been on the rental market for about 3 weeks now. Meeting with potential tenants, asking them the right (but legal questions) has definitely been a learning experience for me. We got four applications in, the first two had credit scores under 550. One I turned down and the other one I called and wanted to discuss their credit and asked them to explain a couple things and said we would need an increased deposit. She never called back, I left two messages for her, so she was out.
Earlier this week we got two solid applications on the same day, we did some pre-qualification and picked the one we liked the most. Her and her husband signed the lease documents today, paid security deposit, a pet fee and first month rent.
We have two more properties coming up for rent, so I am happy that we got this one occupied. We ended up using the California Association of Realtor’s Rental Form and their Move-In, Move-Out Inspection Form.
Not much else for this Friday evening. We are out hunting for properties aggressively. Not a ton of luck right now, but we do have one large property that should close around the middle of the month.