Quote:
Originally Posted by wy_white_wolf
Senior Center Bulletin Board
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Second the senior center. Your ideas on the feed store and church are also good ones.
You want a retired person or couple that will take care of the property, be quiet, and pay the rent on time.
You have to be very very careful not to discriminate against applicants. You MUST treat all the applicants the same. If someone sues you for discrimination it will cost you big bucks to defend yourself, even if you win. If you lose, you will lose the farm.
The easiest way to avoid a lawsuit for discrimination is to advertise where the applicants will be tenants you want. The senior center is a great place. If you advertise in the paper you will get the section 8ers and other welfare recipients. They are more likely to sue you because they get the lawyer for free. I used to advertise for free on Craig's List. I got good applicants but a younger demographic than you are looking for. I don't know how many retirees are computer literate and would see an ad on CL. It could be that the social workers have taught the welfare recipients how to look for housing on CL.
Do have a list of requirements a prospective tenant has to meet to be considered. Include a job history and an amount of income sufficient to pay the rent and other living expenses.
Require all prospective tenants to fill out an application that includes permission to run a credit history, unlawful detainer check, and credit check. Have them pay the fee to get these background checks done. The ones that will get a bad report won't fill out the form and pay the fee because they know it will come back bad. This instantly weeds out most of the bad ones. There are companies that will do this for you if they have the prospective tenant's permission in writing.
Make sure that you are paying the utility bills. Set up the lease so that the tenant pays you for the utilities and you pay the bills. If a tenant is paying the bills they could rack up hugh bills and leave them for you. You are responsible and will have to pay them.
Have a penalty for paying the rent late. It may mean you grt the rent on time.
Have a list of rules that the tenant has to follow. Set it up so breaking the rules breaks the lease,
Have a provision in the lease that you get to inspect the premises when you want.