Buying A Home
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Questions to potential tenants

We are still selling our house FSBO but are toying with the idea of renting and have a potential tenant coming to our open house what questions should I be asking? 
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Re: Questions to potential tenants

  • vpinevpine member
    Third Anniversary 100 Comments 5 Love Its
    I would ask regarding smoking, pets, children, landlord reference, desired length of time they plan to live there, their employer, how long they've been working there etc.
  • I would ask for 2-3 references as well as the phone and names of their previous land lords and actually call all of them to follow-up.

    Ditto all of what PP said too.

     

  • These may be questions to ask or things for you to keep in mind and consider in case they have questions for you:

    - Smoking / Pets
    - Length of lease (6 months, 12 months, etc.) + 30 day notice if leaving + what happens after lease is up (month to month, or lease renewal?) 
    - Rent: When will it be due? Will there be a grace period? Will there be a fine for late payment or bounced checks?
    - Fine for breaking the lease
    - Security deposit (and what terms must be met)
    - Housing records for the last 2 years (and like PP said FOLLOW UP with past landlords to make sure rent has been on time, no bounced checks, no complaints about tenant, etc.) Also check cost of rent at their previous housing.
    - House maintenance - Does the tenant have to keep the yard maintained (i.e. mow the lawn, shovel the snow)? and who's responsible for any repairs (washing machine, light bulb, etc.)?
    - What appliances will be available to the tenant? 
    - Will you require renters insurance?
    - Job: How long have they been there? How much do they make? 

    HTH!

  • First and most important is get a management company to do these things.  I know in the state of Texas, even if you own the home and rent it out with a lease you'll have a hell of a time evicting someone legally.  A management company will cover your ass very well.
  • Linz-ELinz-E member
    Sixth Anniversary
    Thanks for the suggestions the potential renters never showed up and my husband and I were kind of relieved. But we did get two serious buyers in so crossing our fingers they pick our house!! 
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