It might be worth asking if you can pre-approve a process to quickly find tenants or fill vacant units.
But where to start?
Prescreening, also known as prequalifying or screening, can help you filter out tenants that do not fit your criteria. If you’ve never prescreened tenants before, this article can help you start creating your own pre-approval process.
Pre-Approval Required Rental Property
Before you can get approval for your rental property, you will need to indicate the minimum requirements that tenants must meet. These minimum requirements include employment, credit scores, and pets.
It is essential to comply with minimum requirements in order to streamline your application process. Why? This allows you to quickly narrow down your pool of qualified applicants for renting your property.
Once you have determined your minimum requirements, it is time to develop a system that repeats your prescreening process. This is necessary to ensure you adhere to Fair Housing guidelines, and to ensure your screening process runs smoothly.
If you are looking to rent units, you will need to ensure applicants understand and comply with the rental preapproval process.
Application Pre-Approval Rent
How can you create a rental request to pre-approved tenants Each landlord has a different process. Some prefer to communicate by phone or email. Others prefer to meet in person.
However, it is important to have a prequalify process that is flexible and can be used to manage pre-approvals (or reject applicants, if necessary).
How Tenants can apply for a rental pre-approval
You can do pre-approvals over the phone or by email. All questions should be backed up. This will make it easy to take notes, respond via email, and organize documents.
In case you require them to prescreen applicants, it is a good idea to have enough hard copies.
Once your tenants have satisfied your minimum requirements, and they have passed the pre-approval process, you can send them on the next stage in your screening process. This is typically a background check or application.
Tenant Screening and Application Process
It all depends on the system you choose. It is possible to move tenants from preapproval to the next stage of the process, depending on how complicated the system.
If you’re prescreening them, you’ll need to communicate with the tenant by email, phone, or in-person.
You can invite applicants to a TransUnion certified Tenant Screening (with criminal or credit report) if they have been prequalified.
Voila!
You will be able to rent a new tenant once you have found a tenant who passes the screening, pre-approval and application process. You can move your tenant into your new home.
