Easily Hide Calculations in the Rental Application

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How to Hide Calculations in the Rental Application

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In this video, Vitale Volpof, a practicing attorney and real estate investor, discusses the importance of requiring tenants to fill out a rental application. He explains the benefits of using a rental application and outlines the critical information landlords should gather from prospective tenants. Volpof also emphasizes that his channel covers relevant legal concepts, strategies, and tips for real estate investing and personal finance. Viewers are encouraged to subscribe, engage with the content, and note that the information provided is for educational and entertainment purposes, not legal or financial advice.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What are tenants red flags?

A big tenant red flag is problems with previous landlords. When you contact the previous landlord, ask if the tenants were on time with rent, if they were disruptive, etc. Doing this before the showing means you can ask about any issues to get the tenants side and make a fair decision.

How do I get around 3x the rent?

If you dont make 3 times the rent, you can still try to get the apartment by putting up a larger security deposit, finding a guarantor, or demonstrating your fiscal responsibility by showing your potential landlord bank statements that show you being responsible with your money and discretionary spending.

What is one red flag when looking for an apartment?

The Building Is in Poor Condition If you ask the landlord or property manager how easy it is to get someone to come out and inspect if theres a plumbing or electrical problem in the apartment and they start getting cagey, you can take it as a sign that you may have to learn to do or pay for your own maintenance.

How do I get around bad rental history?

Many landlords are willing to overlook a poor rental history if you can find a close friend or relative with good credit to co-sign the lease with you. A co-signer doesnt actually live with you like a roommate but simply agrees to be held responsible as well if you damage the property or fail to pay your rent.

What makes you stand out on a rental application?

References provide a minimum of 3 references that can vouch for your tenancy record and character. Bank statements provide current bank records with a sufficient balance that will show youre fully capable of meeting the rental payment requirement for a few months.

How do I know if my apartment is sketchy?

Take a look at these red flags to know if the apartment complex you are looking at is likely a bad choice. Neglect. Maintenance Poor. No Emergency Phone Number. Persistent Pest Problems. Improvements Missing. Poor Snow Removal. Excessive Common Doors left Open. Poor Night Lighting.

What are red flags for renters?

Red flags for rental scams include prices that seem too good to be true, requests to send money via a wire transfer or the inability to tour a rental unit before signing a lease. Protect yourself when renting by looking out for these warning signs of a scam.

What are red flags to landlords?

Obvious Tenant Screening Red Flags Bad Credit, history of evictions and a negative criminal record are obvious red flags when reviewing applications for your rental property.

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Hide Calculations in the Rental Application