How to Qualify Tenants for Your Condo

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How do investors find qualified tenants for their rental properties?

We work with many mom and pop landlords who need help renting out their condo residences. Far too many make the mistake of thinking that because they are submitting a board package, the condo board will take care of qualifying the tenant.

This is a BIG mistake as there is little the board can do to qualify a tenant and renting to a complete stranger who hasn’t been properly vetted can have disastrous consequences.

Follow along as I explain how investors find qualified tenants and what you should ask for before submitting a board package.

Tags: tenant screening, credit check, tenant credit check, tenant background check, screening tenants for rental property, real estate investing, rental property, investing in real estate, how to find tenants for your rental properties, how to find tenants, rental property investment, how to find qualified tenants

This video provides general information about real estate and is not professional advice. Consult with a qualified professional before making any decisions. The creator is not liable for errors, omissions, or outcomes based on the information presented. Compensation may be received for featuring products or services, but it does not influence the content. Viewers agree to seek personalized advice before making any real estate transactions.

Chapters:
00:00 - 01:31 - Board approval does not equal qualified tenant
01:32 - 02:17 - How to qualify a tenant Tip 1
02:18 - 02:36 - PRO TIP
02:37 - 03:03 - How to qualify a tenant Tip 2
03:04 - 04:19 - How to qualify a tenant Tip 3

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Meet Micky, a top New York City real estate broker on a relentless journey to educate and advise buyers and sellers on how to turn their dreams into an NYC address. He leads Undivided on a mission to curate the most coveted luxury new build condominiums, eco-friendly buildings, and modern homes in Manhattan and Brooklyn.

With his expert knowledge of the city and its negotiating nuances, and also as a real estate investor himself, Mukul “Micky” Lalchandani is incessantly focused on how to maximize the investment potential of each opportunity at hand, to maximize value for himself and his clients.

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