Stage 1: First Contact
When the tenant first calls inquiring about the property to ask a few prescreening questions, to make sure this won’t be a waste of your time.
Stage 2: The Showing
Alright so the first contact went well and now the prospective tenant is coming to view the property. Keep an eye out for red flags.
Stage 3: The Application
So your prospective tenant is still interested and so are you. Have him or her fill out a rental application that includes references from prior landlords and employers. Also run a credit and criminal check.
Stage 4: Approval Process
This tenant seems like a great candidate! Accept him or her, and gently decline the other applicants.
Stage 5: Lease Signing
It’s signing day! Make sure you go over the lease carefully with your tenant and that they understand all of the rules and obligations that come along with signing the lease.