I think property management companies try to provide this service. So since many landlords hire these companies, yes. However, it is not realistic. I dont think there could be an affordable service offering a landlord a qualified tenant upon every vacancy.

Anytime there is an vacancy there is an urgency to fill it. Every month vacant is money out of a landlords pocket. Most of the time the landlord has a mortgage payment to pay as well as utilities and maintance while the home sits vacant.

My largest fustration as a landlord is the tenants attitude. They dont seem to understand right from wrong. They dont seem to understand the moral nor legal obligation to pay rent or be responsible for the stuff they tear up.

As the OP said there is always the urgency to get a place rented ASAP. I learned a very hard lesson this year. When you get in a hurry to get a place rented and bend or break your own rules for qualifying potential tenants. You risk destroyed property. Which is what happened in my case. While digesting all the damage we found I did the math and realized I could have let the home sit empty for 2 years and would have come out ahead. So in my rush and stupidity I allowed a family of tenants cost me in 9 months what will take me 2 years to make back. STUPID!!

In the past every time a property became empty I went into crisis mode. Can't explain why other than to say when we first started our LL business we were really strapped and then it was necessary but after 16 years of good luck with tenants and I think some good management we are no longer so strapped and there is no crisis but I still operated the same way, especially if it was late in the season (fall/winter).

The home we re-built is still vacant after finishing repairs around Oct. 1st. I am happy to say there is no crisis here. I will let it sit empty until the right qualified tenant/tenants come along.

Only stupid landlords would answer this complete stranger’s questions on the internet IN the Landlord PROTECTION Agency’s forum without verification.

We know how tricky deadbeats can be. If there were a way for deadbeats to find out all the weaknesses so they could exploit them, this would be the place.

Please don’t be offended. As a college student who wants to be educated, I’m sure you understand. Right?

For some reason, phrases such as:

“be willing to pay, as a Landlord, to have at your disposal, a tenant ready to rent your property as soon as it's vacant”

and

“any other frustrations you've encountered in your experience”

and

“answer my original question”

along with your incorrect punctuation and spelling, two things that are essential to being accepted into college, are setting off my bullshit detector today. Maybe I need to replace the batteries.

In the meantime, could you please tell us ON THIS FORUM:

The school your attending
The class for the paper
The instructor’s name
What other references you plan on using

and MOST importantly,

YOUR email address as provided by your school.

I will be sending a copy of this post to the email address you gave on the forum also.

Thank You.

Face to face, you probably will not get the skepticism that is experienced in an internet setting. REIA would be a good source of information since it has chapters all over the nation. This would give you a wealth of nationwide information, instead of wary responses from just a few LLs on here. Be prepared to show some type of credentials - a student ID, the assignment explaining how you are to write up your project by your professor, or at least an outline of the paper you plan to write. You don't have to give personal information, but do explain to the group why you want the information. You will get better cooperation. Good luck.

The research writer is asking us LLs to talk about something which is a private matter; that being, what are we willing to part with financially in order to gain financially (or be satisfied). Additionally, there is no guarantee of financial gain (or satisfaction) and actually could be a loss no matter what you do to screen a potential client. As the saying goes – shit happens. Knowing how much money a person will spend to get what they want is a good indicator of how desperate they are to get it.

I think at the very least the writer should provide his school email address. Someone’s already mentioned that if he went to a company they’d most likely ask for his credentials. School email addresses are not sacred. And if you’ll notice, the research writer didn’t answer ANY of the LLs questions except that his dad was a source. No instructor I know would have accepted “my daddy” as a source for such a paper.

Later the research writer says his information is personal and not forthcoming. I don’t know about you other LLs, but my finances are about as personal as you can get. Sounds like the research writer is being duplicitous.

The writer said in his first post he’s writing a paper on the pros and cons and is researching the cons at this point. What does his initial inquiry have to do with being a con to me or you as a LL?

Finally, am I the only one who finds it weird that the research writer insists on using realestate when it’s real estate? I thought he witnessed his father build a lucrative company as an investor of real estate?

Thanks to skeptical, I took a closer look, and I now think that something is just off on this one.

LLs can have openings at any time of year or even at any time of the month. How could you have a tenant who could move in immediately (so there would be no loss of rental income) when they don't know when a unit would become available to them? How could they give their current LLs the required amount of notice to vacate?

Who would screen the application? Would this be done by you or by the LL himself? Who would pull the criminal background checks, the credit reports, verify employment and income, get references from current and past LLs, verify the current & former addresses of residence, and so on?

What standards could you use to qualify tenants? Every LL uses different criteria based on his own needs. Some accept pets, smokers, small misdemeanors, medical judgments, etc. Since you could not possibly know every LL's criteria, how could you state that the tenant would be qualified to rent from me? Would you guarantee that?

Or would you merely provide an application, with no guarantee of any kind that they could be qualified? Agents do this now. They submit applications and are paid a fee (up to one month of rent) if the applicant is approved and moves in. If all you provide is applications with no guarantees, any agent can already do this. There would be little value in it.