When it comes to renting out your property, rejection is the name of the game. As a landlord, you’ll need to go through the process of rejecting many tenants before finding just the right one – especially if you plan on renting out an apartment instead of just one or two rooms in your home. While it can be difficult and painful to reject someone after they’ve expressed interest in moving into your property, it’s necessary if you want to make sure you pick the best tenant possible.
You are subject to Fair Housing laws as a landlord. As a result, you must ensure that you are rejecting a candidate for a solid cause. You'll have enough information to make intelligent and fair renting decisions based on the prospect's capacity to pay the asking rent amount if you follow the method given in this series, which includes screening renters, requesting a rental application, and requesting credit and criminal records.
You don't always have to explain why you're rejecting a candidate, but it's a good idea to have a record in case someone accuses you of being unjust or employing biased screening methods. It's worth noting that you can also turn down an applicant if you've already chosen other competent candidates.
You should always call your prospective tenants to advise them that their application has been denied in order to be respectful to them. Even if it's only that you've accepted another worthy application, this may be a good chance to tell them why.
Source: Laurence Jankelow (Avail.co)
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