Day: May 31, 2021

Using the internet to advertise your rental is a cost-effective approach to reach a huge number of people. There are several websites where you may post your job opening, some of which are free and others which need payment. There are other sites that cater to specialized needs, such as pet-friendly apartments or Section 8 housing. Before we dive into the list of websites you can use, you should know that, if you were to put your listings on all of these websites, it will set you back $187 per month. In addition to that, it will take you hours to post each listing manually one by one. With our company, we charge you one flat fee $199. Our industry leading software will post your listings to dozens of listings, including Zillow, Trulia, Apartments.com, Rent.com, Zumper and many others.

Here are the top websites to advertise your unit for rent:

Craigslist.com divides each state into neighborhoods, allowing you to promote your property to a specialized market of potential renters.
Trulia.com: For its rentals, Trulia employs a service called Postlets. Your rental will be instantly listed on sites like Zillow, MSN Real Estate, HGTV Front Door, Hotpads, and Yahoo Homes when you use this service.
Zillow.com: Zillow and Trulia have combined to form Zillow.com. Because Zillow also utilizes the Postlets service, your property will get the maximum exposure possible if you advertise here.

Apartments.com: A 30-day listing will set you back at least $80. Renters, on the other hand, are not required to pay to access the postings. To look for rentals, you do not need to be a registered user on the site.
Rent.com: You must pay a monthly charge to advertise on this website. For properties with one to 10 units, the monthly cost starts at roughly $50.
ForRent.com has categories for properties with fewer than 20 units and properties with more than 20 units. A three-month listing starts at roughly $100. Larger towns with revolving vacancies are particularly fond of it.

ForRentUniversity.com is a website dedicated only to college students.

When determining an applicant’s capacity and desire to pay their rent on time, a credit score may be one of the most crucial factors to consider. A high credit score implies a favorable financial history of timely payments, and a renter with strong credit is more likely to pay their rent on time. If you’re thinking about renting to someone with bad credit, there are a few things you may look into to assist you make your decision. If you are an indivdiual landlord, it may be hard for you to do a complete background check on the tenant. We at PREI are equipped with the right software and clearance to pull background check to look at an applicant’s credit score, criminal history, rental history, eviction history and much more.

Evicted residents had roughly three times as many past evictions and rental-related collection records than non-evicted tenants, according to TransUnion statistics. If that isn’t enough to persuade you, consider the fact that evictions cost an average of $3,500 per unit and can take up to four weeks to complete.

A criminal history check on a renter might help you answer concerns and prevent placing your property or area in jeopardy. If you skip a background check and end up with a renter you have to evict later, it might be a costly error. When evaluating criminal histories, it’s crucial to treat each candidate as an individual and determine whether or not a past conviction is relevant.

LANDLORD & WORK REFERENCES
Personal, landlord, and work references should all be good.
This helps to confirm that they submitted correct information on their application, that they left their prior rental in excellent working order, and that they are presently employed. You should ask for current pay stubs in addition to chatting with an employer on the company line. When checking paystubs, pay special attention to the pay cycle, you don’t want to mistaken a biweekly paycheck as a weekly one, that would double the applicants’ income in your calculations!

Payment issues were cited as the top concern by 84 percent of landlords in a TransUnion poll, which is unsurprising given that the cost of an eviction resulting from nonpayment can reach $10,000 in court charges and legal fees. A good renter should be able to pay their rent even if they have unanticipated expenses. They may have difficulty paying their bills, unexpected expenses, and the rent charge if they do not earn enough money. Keep in mind that the industry typical is a three-to-one rent-to-income ratio.

Some simple math can be used to determine an applicant’s ability to pay rent. Before a landlord goes through a comprehensive screening and employment verification process, a rent-to-income ratio calculator can assist weed out unqualified candidates. At our company, we always look for 3X rent to income ratio. We will not qualify a tenant for you if it is less than that.

The COVID-19 Tenant Relief Act of 2020 (“CTRA”), which took effect on August 31, 2020, provided temporary relief from eviction for residents who were unable to pay rent or other charges due between March 2020 and June 2021 due to reasons directly related to the COVID-19 epidemic. It also extends the Tenant Protection Act of 2019, also known as AB 1482,’s “just cause” provisions.

Landlords may not use non-payment of COVID-19 rental debt to exclude applicants for rental accommodation or to terminate a tenancy.

The application period for the state’s rental assistance program will commence in March. Some local governments have already begun accepting rental aid applications. For additional information, go to CAA’s Rental Assistance Payment Program Page.

Read more about SB-91 here: https://caanet.org/ctra/