Before you sign that renter up for a new lease or even accept an application from them, they need toreview your rental criteria. That way they know what you are looking for in a good rental. David Pickron also shares a preview of his lease so applicants know in advance what they will be agreeing to when they sign the lease.

You Also Need to Have Timelines in Your Rental Criteria

Some Examples of Timelines in Rental Criteria

• To hold the property, you need a hold deposit in 24 hours.
• When I send you an application you have 24 hours to submit the application.
• After I approve you to move in, how long will you wait for them to start paying the rent.

Take 10 minutes to watch the video, it gives you great tips to implement in your rental business to satisfy many of the new housing regulations and still meet fair housing requirements.

Dave also talks about Source of Income Laws and requiring housing providers to take Section 8. On average it takes about 2 months to get a house inspected and paying. So he implements his timelines in all renting systems, and he requires Section 8 to meet the timelines as well.

Also if you want some sample criteria be sure to send them an email, he tells you where in the video.

Remember that MAREI Members have a discount to sign up and use RentPerfect, get all the details on the Member Discount Page.