Of course Landlords want good tenants. They do not want headaches with tenants. They just want the rent and live in peace and good harmony.
So as a Broker you get the listing, and seek the tenants that the Landlord would love to rent to.
But 50% of the time as an average, the Landlords get a little much.
Example: Couple who has letter of reference, combined 800 credit score, and combined income of $125,000 dollars. Now the Landlord wants two months security which eliminates 95% of tenants. And as each day goes by, the Landlord gets closer to not attaining a tenant and begins to loose rental income.
That you can not make up.
Or how about this example. A two bedroom apartment and the Landlord wants a single person. Prior rental income was $1500 dollars. But now the Landlord heard everyone is collecting $1800 dollars rent. You try and attain a single business woman who has a 850 credit score and six figure job. Good? All the tenant asked for is $50 dollars off the rent. Single person you say, less water bills, so what does the Landlord say? I want $1800 rent everyone is getting it.
Same with Homes sometimes. All different style of Homes, however if the same house is for sale at $799k, do you think by bringing it up to the owners, along with a list of sold homes in the area that will help the owner right? Well the owners sometimes say I heard a house just sold for $865k. They may be right but in this case a bigger home, more income, etc.. Bring that up and do you think they understand? No, they want $850k also they tell me. It happens.
37 Years of experience
Jim Turano/Broker
Diverse Real Estate
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