Over the last 11 days, I helped a family friend of ours rent an apartment. The details of the apartment are not really that important what is important is determining if there were things that I could have done differently in marketing this apartment.

CALPMG rents Apartments

Screening is very important; we rented it to a very qualified prospect, good credit, good job history and a clean record. He had just completed law school and had taken the bar. Awaiting the results in November, he wanted to have some flexibility in where he was going to live.

Leasing one apartment for an owner is different that renting a community of apartments for an investor. While the process is the same, being that there is only 1 apartment to rent compared to a number of apartments available to rent choosing the right tenant is important for cash flow. Credit, references and job history are scrutinized more diligently because the risk to the property owner is amplified with only having 1 apartment.Loss of rent, can make a substantial affect in cash flow in comparison to an owner who owns 15 units. The chances of a problem are greater but the risk is balanced by the number of units paying rent and not causing a problem. Where a owner who owns 1 apartment for rent does not have the luxury of.

CALPMG rents in law suite

We take the same measures when analyzing a prospective tenant’s ability to pay their rent on time in addition to take care of the property.

Our new partnership with TransUnion really does make a difference and it allows us to provide our property owners a safer and more reliable way to choose between prospective tenants.