Prescreening Tips for DFW Property Managers

Prescreening applicants is an integral part of the job for DFW property managers. This process helps professionals weed through the number of applications to determine which applicants are the best fit for the property. Not only does it help find the "best fit" for the rental properties, but it also helps ensure that unreliable tenants are not accepted, making property management in Dallas Fort Worth easier to provide. Below are a few tips that will help new management professionals prescreen applicants.

1. You don't have to do it in person. A lot of DFW property managers think that they have to wait to start the prequalifying stage until they meet the interested party in person and get an official application. While you will have to wait until you get the signed waiver before you can begin a background check and credit report, you can actually start questioning the prospect over the phone during the initial phone call.

    

   Some of the questions you should ask include what size of a rental property he's looking for, is he familiar with the area and has he ever rented in the past. These are just some general questions property managers in DFW area ask to get a feel for the person they're dealing with. You may find that the available property doesn't match the type of rental that the prospect is seeking.

   
   
   
2. You can ask for an additional meeting before touring properties. Another tip that can be helpful as you begin to prequalify prospects is to meet with them before you show them the available properties you have. Many DFW property managers use this meeting to go over the normal policies they have for renters, as well as, have the prospect fill out an application and sign the background/credit report waivers. You should also collect the application fee at this time. If the prospect isn't willing to do this, then the chances are that they aren't serious about leasing the rental which means you don't need to waste your time showing it to them.
   
   
3. Show the property and follow up on the application. The next step you will need to do to finish the prescreening process is to show the applicant the available property. If he likes what he sees, then agree to get back with him after the information on the application has been verified and his background/credit checks come back.

Prequalifying is an important part of providing Dallas Fort Worth property management. The tips above will definitely help you find the right tenants for your rental properties.