Besides if they apply and I give the unit to a more
qualified tenant then I tell them they can use the Cozy background and credit check for the next place and landlord they apply with.
Not exact matches
If you rent out your second home to
tenants during the year,
then it's not being used for personal purposes and doesn't
qualify for the mortgage interest deduction.
Do I get a customer a 20 year loan using the voucher as a form of payment and
qualify them with a mortgage or do I need to put together land / home packages and
then submit the newly created units to the section 8 office to find
tenants?
Also, we look at credit capability and mortgage affordability in the proposed 3 years as we truly want the
Tenant to be able to purchase the property at the end of the 3 years and that means we need to guide them to improve their credit to be able to
qualify for a mortgage
then.
When I first started screening
tenants I did have a good percentage of them tell me they
qualify on the phone, come to the showing, and
then find out that they really don't
qualify.
If a
tenant stops replying after hearing your requirements,
then it's okay to let him or her fall off the map because you want the most interested and
qualified tenants.
Let's start by looking at how to
qualify a prospective
tenant, and
then review how to gently decline them if they aren't a good fit.
That is straightforward and if the
tenant can not
qualify then they probably wont want to apply.
On your behalf, your RE / MAX Commercial Practitioner will conduct thorough searches to aggressively prospect, locate and
qualify the best
tenants, and
then negotiate leasing agreements with the highest rates of return.