Managing property

Managing property

We just became Landlords last week and need advice on screening people.

Where can we pull credit reports on people?

How much does it cost?

Where can we pull background checks on people?

How much does it cost?

What advice can someone with experience give us?

What are some pitfalls to avoid?


Micheala and Ben



Where can we pull credit reports on people? - ANYWHERE.

How much does it cost? - $9-49 per person, depending on your service.

Where can we pull background checks on people? - ANYWHERE.

How much does it cost? - $9-49 per person, depending on your service.

What advice can someone with experience give us? Start with this:
1) Know what you're doing before you start doing it.
2) NEVER ask someone's marital status, race, religion, or creed.
3) NEVER ask a previous employer or landlord for extra details.
4) NEVER trust a previous reference who won't offer extra details.
5) Know the eviction timeline and process for your state.
6) Have an AWESOME RE attorney in your pocket, ready to evict at a moment's notice.

What are some pitfalls to avoid? Everything above, and everything below...


Paul: "I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when my fear is gone I will turn and face fear's path, and only I will remain."

Duke Leto: "I'll miss the sea, but a person needs new experiences. They jar something deep inside, allowing him to grow. Without change something sleeps inside us, and seldom awakens. The sleeper must awaken." - "Dune."

Managing properties

I use a co. called ATS their website is below to screen tenants beofre you rent a unit to them. They have an application they will give you to have applicants fill out and sign, then you can go online input data and you get their information now they have different kinds of repots from $13.00 - $43.00. They vary on the type of background you desire. If you see something you feel not comfortable with, you have a rejection leter available that is also produced that you can send them. Their web site is: .

First rental properties

For a new investor I would always suggest that they be the landlord for at least one year, the first year. Just for the education. When you step in the shoes of managers you understand what it takes for them to do their job.

I would recommend any new strategy you are learning, do it for at least one year, then turn it over, just so you can get the experience and can use that knowledge to become a better investor.


I always say Keep Moving Forward! Never Give Up On Your Dreams!

As Matt Larsen says "Feed the Need" - Edge 2013

Follow my daily investing journal and read about the deals I've done and am working on at:

Rental Properties

Hi Everyone thanks for sharing, great info, many thanks, Jim



Personal experience here (not pleasant, but expensive)

$25 background check per person
- National sex offender registry check
- Terrorist watch list check
- Criminal Background check

$5 credit report

can set it up for either the landlord or the tenant to log onto the website to pay. (I'd recommend the tenant pay up front). Requires an internet connection, credit card, and social security number.

Managing recommendations - stick to the lease and enforce it. If the rent is due on or before the first of the month, enforce it. Late penalties, enforce them. Etc.

Here's why:
I have 2 tenants in each half of a duplex. Rent is $700 per month. Both of the tenants work together. Rent is due on or before the first of the month. I've let them pay 1/2 in the beginning of the month, 1/2 later in the month. So $350 for each half. So here's what has happened. One tenant has lived there for about 2 years. Utilities are still in my name. Windows are open in the winter and the thermostat is at 75 degrees. Utility bill can be around $250 per month. Their payments have been less than stellar. Our last payment from her was $200 in May. She has never had a month where the rent was paid in full in addition to the utilities. Total amount owed to us $9,300.00 (roughly and yes there's a comma). Her friend in the other side's last payment was $300 cash in mid-April. Utilities are in her name. She's been there almost a year. Total amount owed due to back rent (because again, she hasn't been paying a full month's rent either) - $2,200 (yes, another comma). If we were to collect both amounts in full, we could pay off our credit card and avoid the $150 interest fee.

Yes, I am the common denominator in this issue and yes I am (at least) part of the problem for letting them make partial payments. I cannot cash the promises of "I'm going to make another payment on ", when no payment arrives. I'm going to have to Evict them both so I can get a money judgement against them. I will have to have 3 out of 4 empty units (other eviction due to inconsistent payments - not in full of course) because I've basically let the tenants dictate to me when and how much they want to pay me at a given time. I'm getting a property manager involved because they are willing to be the "Bad Guy" and enforce the terms of their leases.

So in closing:
1) Be friendly to the tenants but don't let them take advantage of your niceness. Enforce the terms of the lease.
2) That house is your employer. Don't let them steal from you or your employer.
3) Do Background checks. I did, and I didn't find anything wrong. Bad tenants may not have a record.
4) Eventually get a property manager - if they don't collect rent, they don't get paid. If they don't get paid, you don't get paid. Get paid - it helps making the mortgage payments. I don't know how many thousands of dollars we've taken out of our pockets to pay for the mortgages because the tenants aren't paying.


The more thorough the question, the more thorough the answer.
Please fill out your profile with as much info as you're comfortable with.


Thanx, this was helpful


Best Regards,
(Licensed Realtor-Military Vet-9/11Vet)
A self-directed realization for 2014 is to:
Live life as if always on vacation and have all the good health, time, & wealth to enjoy it.
Work, only when and IF desired. Helping others do the same. It Pay$ To Connect!
Always In Gratitude.....

Congratulations on becoming

Congratulations on becoming land lord. When it comes to screen the tanets, the best and safest way is to hire profession service for back ground verification.
homes for sale in st. augustine fl

Micheala and Ben

Hey guys, it is your old buddy Roy. If your state allows it, collect a $25 application fee. This will serve a couple of purposes. First, it will offset costs that you may have. Second, it will often drive off people who won't pay. Try it. Good luck.


Roy Voeks
Official RE Coach

how to find and screen tenants

You can find all of this info online for free. Of course a solid landlording book you can get at your library should contain all of this info. Just check out the amazon reviews before taking the time to read... I just downloaded a GREAT book on amazon that has everything you need to find, screen, & lease your home. I'd recommend it here, but I think that's against the website rules! But check amazon reviews or your library!



Great Content

Great advice and information on this topic! It will help many people in property management. Thanks!

Best of Luck to Micheala and Ben! Congratulations!


"Whatever the mind(of man)can conceive, and bring itself to believe, it can acheive." - Napoleon Hill

"You become what you think about most of the time." - Earl Nightingale


on becoming landlords. You have caught the bug, that's how it starts. One suggestion I have is to let the pro's deal with the headache of screening and tenant placement. Consider hiring a property manager. I know that you want to be in control of your first, I get that. But consider if your time could be better spent on something else, and outsource the rest. Best of luck, and congrats again!


See how I was able to make money in real estate without any of my own money all while I was over 3,500 miles away!

We buy houses any condition or circumstance:

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