I know you probably think this blog is going to be about evicting an unruly tenant, or about marketing a rental for months trying to find that perfect tenant. Surprise, neither of those are a property manager’s toughest job. No the toughest part of the job for me is having to tell a great tenant that they can’t rent the house I am renting out.
What you ask? How is it possible that you tell a great tenant NO, they can’t rent the property?
In Fort Myers, Cape Coral, & Lehigh Acres the rental market right now is hotter than Mc D’s hot cakes. Yeah it’s a hot right now. Every property I advertise for rent I am finding 3, 4 sometimes even 5 great families, who are a perfect tenant. In this kind of market there are some property management companies who take advantages of perspective tenants and there are others who do what is right. I am one of the property managers that do it right. I am honest with perspective tenants letting them know I am likely going to run 2 or 3 applications for a property (given all three applicants are completed within a 24 to 48 hour time frame).
What I am often finding with the tenants i choose to screen is; great rental history, stable employment, zero criminal history (not even speeding tickets), and a blemished credit report (which 8 million American’s who were served foreclosure papers from 2007 through 2011 have a blemish). What’s my point when looking at two great prospective tenants I have to tell one of them NO. That is the hardest part of property management.