Episode 50: The ART of Checking References

 

Summary

Two of the most stressful times in a landlord's life:  getting the right tenant IN and the wrong tenant OUT.  Today's episode is all about getting the right tenant in!  Packed with resources, today we review just a bit of the tenant screening process.  I reveal the potential tenant screening checklist as well as HOW to have the conversation with a former landlord or character reference. 

 

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*BONUS RESOURCES*

Full Episode Transcription

Welcome to my life as a landlord where we untangle all things housing and educate the curious. If you're

looking for some entertainment with some honest, awkward conversations, you've come to the right

show. I'm your host, Dr. Jennifer Salisbury. This is my life as a landlord. Welcome to it.

Hello there and welcome to my life as a landlord. Today is episode 50. Oh my goodness. I am absolutely

in disbelief that we have reached this episode mark, this is pretty cool. Today's topic is a landlord topic

and it is one of my favorites because I have developed the sixth sense of Landlord and this is all about the

art of checking references, the art of checking references. And as you progress in your landlord life,

you're going to get better and better at seeing through some of the crap. Uh huh. You're going to see this.

And I'm excited that this is all about screening your tenants. So screening your tenants is absolutely one

of the most important things you can do in your rental life. Mike and I often say that we would rather let

a unit go empty, then put the wrong tenant in. Now, I have found out the most two stressful times in my

life as a landlord. Getting the right tenant in and getting the wrong tenant out. Today's episode is all about

helping you get the right tenant in. Okay, so let's jump into this. I'm going to assume that you've got an ad

up for your rental somewhere. We'll talk about marketing for your rentals in a different episode. We're

going to just talk about checking references here. So you've got an ad up for your rental. Maybe you've

shown it. Maybe you've had an open house. Don't know. For us and for our rental fleet. We require a

preliminary application to ensure there is no issues with deal breakers for a potential tenant in the unit.

Uh, the preliminary application is very simple. We don't require IDs or pay stubs for an initial

application. Uh, so deal breakers that we're looking for in that preliminary application, things like

smoking tenants in a non-smoking unit, even if they're smoking outside, we don't permit it on certain

units. There's too many beings in the unit, right? They've got a family of six who want a one bedroom.

It's not going to work. We're not even going to show them the unit. Too many vehicles for the unit.

Maybe they own an auto wrecker. And they have two tow trucks and four vehicles that they're working

on. That's not going to work in most of our places. Also, non-approved animals in the unit, such as

snakes or aquariums with or without water. Notice that in all of those items. That there's no

discrimination. We are following the fair housing guideline on preliminary application deal breakers.

We're going to talk more about fair housing as we progress. But I want to let you know, as we go through

this preliminary application for us is required before we even show a unit. So that's what we do. But at

some point you're going to receive a preliminary application okay. So somebody's going to throw their

name in. They're going to say, hey, it's me and my husband or me and my wife, whatever. And you're

going to concurrently check references with them. Maybe they they say where their employer is, but they

don't provide a pay stub. They provide a, um, contact information for either their current or former

landlord. And we go from there. Right. And so we'll be showing a unit concurrently to make sure that the

unit works for them while we are going through our tenant checklist now. I am going to give you lots of

information on this today, so if you haven't done so already, I highly encourage you to take some notes.

Stop the podcast for now. Grab a notebook and paper or sorry, notebook and pen or something. Because

this is there's a lot of information on this one. And this is vitally important, especially if you are a newbie

landlord or pickle landlord. You want to do this right? If you are a landlord who is growing in your

business and you're not, either you're not a newbie or a pickle landlord, you might learn a nugget or two

in this. So this is cool. Okay, so what I do for, uh, preliminary application for a potential tenant, what we

do. And so I actually have a reference check sheet. This is for tracking when I receive a preliminary

application okay. This is for tracking. I put the applicant name on the top. And and if there's two

applicants they both have to qualify. Same thing with a cosigner. Let's say you have a young person

who's never rented before and one of their parents is going to be a cosigner. Same thing. The cosigner

must, must, must qualify for this as well. So we do a criminal check on them. We do a civil check on

them if we can, depending on where they are. If they provided an ID in their preliminary application,

great. If not, they'll have to provide it at the end before we finally qualify them. Same thing with a pay

stub or an income proof of some kind of income proof. Uh, maybe they've got a, um, maybe you've got

an A, someone who's retired and they, they are living off their either their savings or their investment

accounts. That's fine. But you've got to make sure that that's true. Previous landlord at least their previous

landlord, if not their last two landlords. You need some proof of housekeeping. You want to make sure

that there's not had any mischief. So this is just again, this is just the check sheet of what I'm doing. Once

we receive the preliminary application, then we talk about animals. Do they have pets or any other

animals? And I'm talking emotional support animals, service animals, anything if they've got an iguana,

something. Uh, but we've got to know what the animals are. Also, their vehicles make model insured

operating. We got to make sure we understand their vehicles that are involved. Do they have two

vehicles? Do they have five vehicles? I don't know, maybe they don't have any vehicles. We have tenants

that just take the bus. That's fine. Are they a smoker or a vapor that is becoming more in importance as

we're progressing into this world where you've got vaping going on and smoking, there's a lot of places

that are allowing marijuana, but if you don't have a marijuana license or you, uh, you've got a license to

grow marijuana, you need to know all that. As a landlord. You need to know that. And one of the last

things is a credit report. Credit check. Now you can do a credit check as a landlord. Or the tenant can

provide a credit score and report. But that is my checklist for now. We're going to go into even more so if

you wanted a difficult podcast about checking references, well guess what? This is exactly what you

signed up for. I'm going to rattle this off again, and then you will be able to see some of this on the

website. My life is a landlord.com. Okay. Now, uh, let's see, we're going to go through this criminal

check ID income, proof of income or pay stub, previous landlord, uh, or former landlord, at least a we

usually say three years of landlords. Uh, pets or animals. Vehicles. Are they a smoker or a vaper. Do

they have a license to grow marijuana or smoke marijuana and then their credit status? Okay, that's a lot

to track, but if a tenant wants your rental, that's that's required. That's how we do it. And we really we

really screen our tenants. There's a lot of people who agree and they go, wow, you really screen them? I

do screen them. I don't want any riffraff in my tenants at all. Okay. Now, the one that the tenant checklist,

the potential tenant checklist that I am going off of the I just read to you, it's it's in Microsoft Word that

you can print and track manually if you have 1 or 2 rentals that might work for you if you want to do it

remotely, if you want to do it on Google Drive and you have someone that is local to your rental or your

property manager, you can you can track it on an electronic means like Google Drive or Sync, or if

you've got a program, there's a couple different programs that you can use, and you can track all of your

application criteria through your program. But the whole idea here is that you want to go through each

one, and there may be items that I missed. If you are a seasoned landlord and I missed something, please

email me. Learn at my life as the landlord.com I. I enjoy when other landlords educate me. I think that's

actually really cool because that's the whole idea of this podcast is to educate one another. Okay. So that's

the first aspect of this. You've received a preliminary application. You've got your potential checklist

potential tenant checklist or I call it potential tenant reference check sheet. Whatever it's called doesn't

matter. But at some point you're going to get to the previous landlord reference check previous landlord

okay. This is one that most people have a real hard time doing. I don't have a hard time doing it because

I've been doing it for a long time. So I'm going to teach you what I know now. This is when you are

calling former landlords for a potential tenant. You're calling them, you're picking up the phone, dialing

the number. Okay. So let's let's go through this scenario. Let's go a couple different ways. First of all, let's

make sure that the phone number that that potential tenant provided works. Let's say it's cut off.

Voicemail is not set up. It doesn't even ring nothing. Go back to your potential tenant and say that phone

number is no good. Can you provide another contact information, another contact number? You know,

maybe they have something else. Maybe the former landlord is no longer living or is not able to answer

questions. That has happened. We've got a lot of folks that are, um, either passed away or are not able to

provide references anymore because of their, um, their health conditions. Right? So but I always go back

to the potential tenant and say, look, I need another reference of some kind. So that's if the number

doesn't work. Okay. So then let's go through here. You as a landlord are calling another landlord for a

reference. So it sounds like this. Hello there. My name is Jennifer and I've received a tenancy application

from applicant name. He or she has listed you as a previous landlord. Do you have a minute or two to

talk now? And then you pause. You pause because remember, this other landlord is receiving a call from

you out of the blue. The chances are, I'll say medium 5050 that the the tenant that gave this reference

may have called them and said, hey, can I use you as a reference? Maybe they didn't write, they may not

have. So it may be coming out of the blue. If you're catching this other landlord off guard, then they may

say, no, you know what? Can I call you back? Or can you call me back in 15 minutes if they say that. Set

a timer on your phone and call them back. Remember? Time is of the essence when you're talking about

qualifying these tenants, okay? You don't want to wait a week and then call them. No, you want to call

them as soon as you can. If they say yes, if you're asking if they have a minute or two to talk and they say

yes, here's the trick. You don't want to have them on the phone for half an hour. You want to get the

information from them and then let them be, because chances are what they're going to do is they're

going to answer your questions, hang up the phone, and then call the tenant, the potential tenant. Hey, so-

and-so just called me about your application. I hope you get it right. That's what's going to happen. If yes.

So first thing I say is, great. How long did they rent from you all? They rented for five years. They rented

for ten years. They rented for five months. Only one month. Whatever it is. And then I say, what exactly

did they rent from you? And they'll say, oh, they rented a room in my house, or they rented our cottage

back in the backyard, or they rented one of our apartments. Then I typically say, okay, how many

bedrooms did they rent? Typically I try to say how many bedrooms because that tells me how big and

what kind of responsibility was involved if it's a separate suite. So if they say it's a two bedroom cottage

or it was a one bedroom in my house with a shared bathroom and a shared kitchen, that's pretty intimate,

right? That's pretty intimate. Um, did the tenant have pets or animals? They'll say yes. No, tell. Did they

have any issues with the animals or the pets? No, we didn't have any issues. Or yes, the pet can get a little

grumpy or can bark a lot. They're going to tell you a little bit about this. One of my favorite questions is

about mischief. Has there. Was there any issues with mischief or behavior for this tenant? Meaning if

they're sharing a room in the house, did they do what they're supposed to do? Do they put their dishes

away? Did they act normal? Did they? You know, if they're renting a cottage, were they, you know,

playing video games and being loud and, and lights on at two in the morning that kind of thing. Was

there mischief for not behaving? Did they ever receive any warning letters? Right. If they start to say yes

for some of this. That is a big red flag. Okay. Were there any issues with late rent or utility payments? If

they start to say yes, they would pay usually rent late 2 or 3 days, but I would always get paid. 1s Okay.

In my program, my tenants pay on or before the first at midnight every time. This isn't a discussion. If

they're going to be late, then there's a late fee. But they also need to communicate with me. They also

need to communicate with me. And my tenants are fantastic at communicating. They'll say when

something happened. Unforeseen. Um, can I pay you a bit late on Friday? That is absolutely not the norm

for my crew. Not the norm at all. They are phenomenal and they're great communicators. So if that is

normal for this tenant to pay late on rent or utility, that could be a big red flag for you. It'd be a huge red

flag for me. Okay, then there's three other quick questions we ask did the tenant give proper notice to end

tenancy or did they just move out? Did they give proper notice, whatever that means in the area, whether

it's 30 days or two weeks or one full calendar month, whatever that means. Did they give proper notice to

the landlord to end tenancy? Will the tenant get their deposits back? Will they get them back? And

typically, if you end tenancy early for my units, they they forfeit the deposits. And so if I get a call I'll say

no. They forfeited their deposits. However I would have had no problem had they not ended it early due

to work or due to whatever. Um, I would have given their deposits back. No problem. We had no

problem with renting to them, for example. And then my favorite question if you only have one question

to ask them, ask them this. Would you rent to them again? 1s Remember, you're talking to the former

landlord. Would you rent to them again if they say yes? That is a big tell. If they delay at all. If they

delay it all, if they say okay. Yeah. Remember. For me, I always say there is two ways a landlord will

answer your questions. Your for these references, they'll answer. There's two versions. The first version

is the yes no. How long do they rent from you? Six months. They don't embellish at all. They're just

trying to get through your questions. And that's it. The other kind is a glowing reference where you just

have to say, oh my gosh, I rented to Christine and she was amazing and she would do this. And and

literally you don't even have to ask him any questions typically, because they will ask they will answer

them for you. Now, which one do you want? So you need to make sure you're getting Ahold of these

former reference former landlords as a reference. You need to talk to them. And if you can't get Ahold of

them, sometimes that is telling in itself. Okay, so that is how I look through the, um, the entire

conversation. And just to, you know, at the very end of this conversation that I'm having with this former

landlord, the last thing I will typically say is knowing that we are working on renting to this person. Is

there anything else I should know as their future landlord? Is there anything else I should know? 1s And

that's where you kind of get, hey, they're wonderful. They're friends of the family. You know, we've

known them for a long time and we kind of get the the coffee table conversation, which I really

appreciate when we get to that point. At this point, you've really kind of connected with this landlord.

You're starting to see the underbelly of what, you know, these potential tenants are all about. And you're

kind of figuring this out. Is this going to work? Is this not going to work? But again, this landlord

reference is only one part of the whole application. Okay. So up to this point you have received a

preliminary application. Just name basic information from your this potential tenant okay. You've got

your potential tenant checklist going. You've gone through some of these items and you've called their

former landlord reference or even character character reference something very similar. If they're going

to be um, let's say the landlord has passed away, but you've got a character reference from, um, from a

professor at their university. So if you've got a character reference checklist, it's something very similar.

And say, you know, if how did how long did you know them. So you can take the reference checklist for

a landlord and you can alter it for a character and say, you know, if you had a rental, would you rent to

them if you knew them? You know, give me an example of of you know, how you know them. How long

did you know them and what reference did you know them? Some kind of something that is not just on

paper. That's typically what I go with. Okay. So once you've done your checklists, you've gone through

the entire conversation. The applicant has seen the unit. Then it's time to complete the application.

Because remember they just gave you a preliminary application. Did they give you all of the information

that you've asked for? Um, do you still need IDs, pay stubs, bank statements, um, credit reports, credit

scores? Do you need to check their credit? In Canada, you've got to pay for a credit report, but you've got

to ask their consent to get it. But in the US, the potential tenant pays for it themselves. Now they can

provide you one. And I can say that I want a credit report with the score within the last 30 days, and so

they can go to a number of different websites and pull that for themselves. Or they can say, you know

what, just send me the link, I'll pay for it. And then I get a copy and so do they. They get a copy as well.

Okay. At some point you're going to need to say yes or you're going to say need to say no, because it

is very possible that you could have multiple potential tenants for the same unit all at once. In fact, in

today's day and age, with the housing crisis, it's probably likely that you're going to be having several

people qualifying all at the same time. All right. Because we're talking today about references, the art

of checking references. I decided I would throw in a. Bonus reference, a bonus resource for all of you

landlords out there. Every once in a while, I have gotten a request from a tenant from a departing tenant

who is asking for a reference letter from me. Okay, now, for those of you who have listened to my

podcasts in a bit, uh, I have there's a episode that I did about how to up your chances on getting an

impossible rental, and in that I talk about the package that you need to create as a potential tenant to

make it easy for your landlord to say yes. What I'm about to talk to you about is a tenant reference letter

for your departing tenants. The letter would go in that package. You're doing the work for that future

landlord. So while the majority of this podcast was all about checking references, I'm giving you a bonus

here on how do you provide a reference, a letter, not just the phone call, because there's very likely as a

landlord, you're going to get the phone call, you're going to get the other end of the phone call there.

People are calling and asking you about these tenants, but how do you provide a tenant reference letter

for departing tenants? Okay, I'm going to talk through this. And then the template. I'm making available

on the website. My life is a landlord. Com okay, so I've just done the template. It's in a PDF, take it and

make it your own. But basically on letterhead you've got your landlord company address, city, state or

province phone number. And if you've got a website, great the date regarding the tenant, the tenant name

and you say dear tenant, the security deposit or reference letter for whatever the address of the unit is.

And then something like, we appreciate your tenancy and are pleased that you chose our company to

meet your housing needs. We wish you all the best in your new home and would be pleased to hear from

you. If you need housing in our area again. Now think about that. The last question you ask a former

landlord is would you rent to them again in that one line? I have already answered that for the future

landlord. I'm welcoming this tenant back. So landlord reference information. Here's the information I go.

Now, this is sort of the nuts and bolts you need to know. These dates and these amounts deposits were

paid on whatever date they were paid. Move in date, whatever day you moved in move out date was data,

move out and your rent at the time of move out because you know you can have rent increases as you go,

the amount of deposits returned. And that's going to be however much it's returned. And then the last bit I

say is this account was in good standing at the time of Move out again. We hope you will consider us as

landlords again should your journey return to our area. If you have any questions about your tenancy,

please email me or phone me sincerely. And then I sign it with my name and my company. And the other

thing I say is in the event someone has ended the tenancy early, but they were a rock star tenant. They

were awesome. The only reason that you're they're not getting their deposits back is because they broke

their lease and they forfeit their deposits. I will put something in that and say, had your work not taken

you away from us early, we would have been had no problem returning your deposits. I would say that

straight in the letter and then I send that off. I've only provided maybe a handful of these over the years,

but it's such a powerful tool for the tenant moving forward. That it's an amazing resource. And so as a

landlord to another landlord, I want you to be prepared. When you have a rock star tenant that you're that

you're losing. Give them this as a parting gift. And that's going to be amazing. Okay. In today's podcast

we talked about a preliminary application, how to set up your potential tenant checklist, how to do a

former landlord reference checklist. And as an aside, how to do a character reference. Just a quick

character reference in the event the landlord is not available. Sometimes I do both. Then we talked about

a bonus resource of providing a tenant reference letter for departing tenants. But just as a an aside, I want

to let you know that all of the checklists are available. Lots of references on the website. My life is a

landlord comm and there's previews of these resources today. Here's your call to action. All my landlords

out there. Take a look at the resources that are on the website and make them your own. If you are a

seasoned landlord, there may be a nugget or two that I talked about today that you had no idea would be

helpful. Take it and make it your own, and increase your toolbox so that when something happens, you

are prepared and not freaking out. Okay, we don't want you to be stressed. We want you to find the right

tenants and have a very nice long tenancy. Okay, there's your call to action. Let me know your comments

and questions by emailing me at learn at my life as a landlord. Com remember comments and questions,

create the next podcasts and the next resources. And speaking of which, when you get to my life as a

landlord. Com you will see two free Blackout Bingo cards pop up, one for newbie landlords, one for

pickle landlords. Both are designed to help you educate yourself as you move forward in your landlord

journey. They are free so check it out. Next week's podcast topic is a tenant based topic and that's episode

number 51, where I have received an interactive email from the office of the Privacy Commissioner of

Canada. I can't wait to show you all about that. We'll see you there.

Thank you for joining us this week. To view the complete show notes

and all the links mentioned in today's episode, visit our website at www.mylifeasalandlord.com. If you're

looking for educational resources for getting into real estate investing, becoming a landlord, or even a

better tenant, then I have a page on my website to get you started looking for a solution to the pickle that

you're in. I have suggestions for that too. You can throw your situation on My Facebook Group My Life

as a Landlord and let our community help you with solutions. Also, before you go, make sure you

subscribe to the podcast so you can receive new episodes right when they're released. You can to

subscribe right now in the app you're listening to this podcast on or you can sign up at www.mylifeasalandlord.com.

Thank you again for joining me, Dr. Jennifer Salisbury in this episode of My Life as a Landlord. I'll see you next time.

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Episode 51: Office of the Privacy Commissioner of Canada

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Episode 49: Keeping UP with the Jones Act with Colin Grabow