Many Previous Home owners are now renters due to various reasons like Bad Credit, Loss of Job, Downsizing or other Personal preferences.
I review many of my clients(Landlords) Lease applications prior to submitting to make sure all the pertinent information is there and they are reviewed properly before submission to the landlord.
Once in a while I receive applications which are just too odd. I received an Application from a Self Employed Professional for a single Family home in Irvine (est. rent $5000.00+ monthly)
- Received Application & Bank Statement
- Pay-stubs from business Entity (No)
- Tax Returns Personal (No)
- Tax Returns Business (No)
- An Active web site for you business (Under Construction)
- Any other additional documentation proving Monthly income to support the High Rent in Irvine (No)
after 2 weeks the clients submits the application via another broker for the same property, thinking all the above request will not be needed if he changed his Broker. I let you figure out the Answer on that one.
— Christina Khandan (@ChristinaOCRE) June 7, 2014
Also Read: Keep Your Tenant Happy
If you are a Landlord, Take the time to review your Applications thoroughly, Or hire a Realtor and we can do the work for you or advise you on what to do and what Not to do.
If you are a Tenant planning to lease a property, Make sure you have all your documents in order, Make sure you can afford to lease the property you are looking at. And Be honest about all your documentation. In this day of Internet, stating you have a business for 15+ years and have a your web site “Under Construction” does not cut it.
Also Read: Rent Increase
— Christina Khandan (@ChristinaOCRE) July 24, 2014
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Keller Williams OC Coastal Realty