Are you a savvy success-driven woman who wants to secure your financial future with a rental portfolio? Not only can you build long-term wealth through your rental properties, but you also get to be your own boss and call the shots. As someone who’s been in the real estate game for a while, I know how intimidating it can be to start building your rental portfolio. But trust me when I say that the rewards are worth it!
(CLICK HERE to Read More)the confident woman landlord
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As a woman landlord, you are always searching for your ideal tenants.
Choosing the right tenant can be one of life's roulette spins - and you want to avoid landing on a bad bet.
So, more roll of the dice when picking tenants for your property.
As much as it sounds cliché –knowledge is power when managing a rental property.
You want to avoid tenants who will not pay their rent on time (or at all) and possibly destroy your property.
Getting familiar with those interested in renting your property will help you find dependable long-term tenants.
When reviewing applications, ask yourself:
Do they meet my criteria?
Do you have written criteria?
Is there evidence that this tenant will keep up on payments and maintain the condition of my property?
Knowing exactly how to evaluate potential renters can help take away some stress while ensuring maximum cash flow from your rental business!
To narrow down applicants and find high-quality long-term tenants, you need to know what to look for.
I have compiled this simple checklist to help you decide when to deny an application and quickly move on to the next applicant.
As a woman landlord, you are always searching for your ideal tenants.
Choosing the right tenant can be one of life's roulette spins - and you want to avoid landing on a bad bet.
No more roll of the dice when picking tenants for your property.
As much as it sounds cliché – knowledge is power when managing a rental property.
You want to avoid tenants who will not pay their rent on time (or at all) and possibly destroy your property.
Getting familiar with the applicants interested in renting your property will help you find dependable long-term tenants.
When reviewing applications, ask yourself:
Do they meet my criteria?
Do I even have written criteria?
Is there evidence that this tenant will keep up on payments and maintain the condition of my property?
Knowing exactly how to evaluate potential renters can help take away some stress while ensuring maximum cash flow from your rental business!
To narrow down applicants and find high-quality long-term tenants, you need to know what to look for.
I have compiled this simple checklist to help you decide when to deny an application and quickly move on to the next applicant.
Incomplete Application
Supporting Documents
False Information
Behavior Qualifications
Income Sources
Rental History
Credit
Utility Account
Criminal History
Home Visit
Security Deposit
Pets
Download a PDF Copy of This Checklist to Use With Your Screening Process.
This document has been converted into a fillable form for your convenience.
It can be used as an electronic document on the computer to save with your applicant files, or you can print it out if you prefer to handwrite your answers.
Download a PDF Copy of This Checklist to Use With Your Screening Process.
This document has been converted into a fillable form for your convenience.
It can be used as an electronic document on the computer to save with your applicant files, or you can print it out if you prefer to handwrite your answers.
Keep Moving Forward
I Believe In You!
“
“It is better to have a vacant unit, rather than the wrong tenant.
Choose wisely.”
Mary Jo Whelan
Recent Posts
October 4, 2023
Do you consider yourself to be a confident woman? 🙋🏻♀️✨If you answered no to this question, NO WORRIES because confidence is a journey, and we can ALL gain more confidence along the way. Perhaps now is an opportunity to let go of any previous notions about what being confident means. We don’t become confident overnight; we work on the areas that need improvement and accept ourselves for who we are NOW, wherever that may be in your development process: whether you’re just starting or have been at it a while!
(CLICK HERE to Read More)September 6, 2023
You may have just bought a rental property that will need renovations, or you may have a tenant turnover in one of your rentals that needs some TLC before you move your new tenant in. Your contractor is compiling the scope of work, and on that SOW, they have included a tub that has chipped or some minor damage, is old looking, and needs to be reglazed or replaced. So, now, what do you do? Will you reglaze, or will you replace it? To help you make that decision, here is a list of pros and cons of reglazing a bathtub compared to replacing it.
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Are you a savvy success-driven woman who wants to secure your financial future with a rental portfolio? Not only can you build long-term wealth through your rental properties, but you also get to be your own boss and call the shots. As someone who’s been in the real estate game for a while, I know how intimidating it can be to start building your rental portfolio. But trust me when I say that the rewards are worth it!
(CLICK HERE to Read More)October 4, 2023
Do you consider yourself to be a confident woman? 🙋🏻♀️✨If you answered no to this question, NO WORRIES because confidence is a journey, and we can ALL gain more confidence along the way. Perhaps now is an opportunity to let go of any previous notions about what being confident means. We don’t become confident overnight; we work on the areas that need improvement and accept ourselves for who we are NOW, wherever that may be in your development process: whether you’re just starting or have been at it a while!
(CLICK HERE to Read More)September 6, 2023
You may have just bought a rental property that will need renovations, or you may have a tenant turnover in one of your rentals that needs some TLC before you move your new tenant in. Your contractor is compiling the scope of work, and on that SOW, they have included a tub that has chipped or some minor damage, is old looking, and needs to be reglazed or replaced. So, now, what do you do? Will you reglaze, or will you replace it? To help you make that decision, here is a list of pros and cons of reglazing a bathtub compared to replacing it.
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Mary Jo Whelan is a leader in the field of residential property rentals. She owns and runs a property management and renovation company in Baltimore.
Mary Jo started with no money, college education, or job. From these humble beginnings, she has grown her company to manage over 100 rental properties and manage over 50 rental renovations a year.
She co-facilities a monthly landlording strategy meeting for a local REI group and is the past president of NAPRM, National Association of Residential Property Managers.
Mary Jo is also the founder of Lucrative Landlording for Women, an exclusive community for success-driven women landlords. Lucrative Landlording provides an elite coaching program, masterclasses, and networking events designed to help women landlords maximize their cash flow and keep high-quality renters.
Mary Jo is passionate about helping women landlords succeed in the field of landlording, secure their financial future, and create generational wealth.
In her spare time, she enjoys practicing techniques for furniture painting, gardening, and traveling. And yes, just for fun, she actually jumped out of a perfectly good plane.
Mary Jo Whelan is a leader in the field of residential property rentals. She owns and runs a property management and renovation company in Baltimore.
Mary Jo started with no money, college education, or job. From these humble beginnings, she has grown her company to manage over 100 rental properties and manage over 50 rental renovations a year.
She co-facilities a monthly landlording strategy meeting for a local REI group and is the past president of NAPRM, National Association of Residential Property Managers.
Mary Jo is also the founder of Lucrative Landlording for Women, an exclusive community for success-driven women landlords. Lucrative Landlording provides an elite coaching program, masterclasses, and networking events designed to help women landlords maximize their cash flow and keep high-quality renters.
Mary Jo is passionate about helping women landlords succeed in the field of landlording, secure their financial future, and create generational wealth.
In her spare time, she enjoys practicing techniques for furniture painting, gardening, and traveling. And yes, just for fun, she actually jumped out of a perfectly good plane.
The content presented in this blog is provided for entertainment and educational purposes only and does not constitute legal or other professional advice on any subject matter. Lucrative Landlording provides information it believes to be accurate, however, Lucrative Landlording makes no representations or warranties about the accuracy or completeness of the information contained on this blog.
