All of our rentals are listed on our local Dayton Board of Realtors MLS website. From there they are picked up by all the main real estate websites like:
We do not advertise on Craigs List simply because the site is too generic and seems to draw inquiries from less serious prospects and has a lot of scamming issues.
Yard signs still generate a good number of calls and are great for those who want to live in that particular area. We have added our QR code so savy prospects can go to our website and click the "Our rental and sales listings" button which gives them access to the full MLS listings where the other websites usually only display some of the pictures and limited property details.
Once contacted by a prospect we either text or email them our basic rental qualifications:
- approximately 4 x the rent amount in gross income or 3 x the rent amount in net income
- mindestens 1 year on a job
- no criminal
- no evictions
- no court records
- clean credit (we do not take medical or educational delinquencies into consideration if the rest of the credit is good)
- good rental history if applicable
If a prospect reaches out to us, we try and make sure that they are truly a good potential prospect and will set a time to show them the property. We do not do sight unseen renting. We will however gladly show the property to someone the prospect knows so that that person can give an untainted opinion about area, overall property condition, size of bedrooms and living spaces, as well as address any other needs or concerns the actual propsect may have. The prospect then receives an application, or is emailed one which is non binding, which they can then either turn in with the required documentation and fee or stick it in the trash. We don't find it right that most management companies make a prospect first pay usually a high application fee before they even get to see the property. This is just making money off of prospects that if pre-screened wouldn't quailfy or then don't like the property once they see it. We feel that if a prospect we have pre-screened and shown the property too and feel should have a good chance of qualifying once we verify what they have told us, wants to apply by dropping off the application, documentation and fee for processing, they are serious and should be a good tenant.
Our credit / background check is with Safe Rent (Core Logic product) - it runs credit, sex offenders, local court records and criminal. We like this particular service because it does not just give a credit score, but actually shows all of the persons credit items past and current and how they have paid on them in the past 24 months. This gives us a good idea of how consistant they are. We look for poor payment patterns and of course any deragatory information. Often if someone has had a life "ooops" but are otherwise are good stable people we will try and see if they are getting back on track since then so we can maybe give them the benefit of the doubt.
Once we have found a or multiple qualifying applicants, we will notify the owner with the basic information. This is often somewhat generic sounding but we are very cautious about violating any fair housing discrimination laws so we cannot disclose particulars about the people or make up of the family. Final acceptance can only be based on meeting qualifications.
Upon getting the owner's approval for an applicant we will make contact with the prospect and make arrangements to meet, sign the lease and collect the deposit. If a lease starts on a date other than the 1st of a month, we pro-rate that month so we are always cycling on the 1st of every month afterwards.
We have the ability to offer tenants an online payment option which is fee free if they pay from a checking account, otherwise there is a convenience fee. The tenant of course can mail their payment or drop it off at the office in Beavercreek.