Tips for your First Time Renters in Wisconsin

Forbes recently had an interesting article about Tips for people who rent. Anytime I see an article like this I ask how I can use it in my own investing activities. Since I want to attract more good renters and even those who may rent to own, I thought that I would tweak these slightly, place on a flyer and use as a handout to advertise my rentals and give out to my residents. 

Here's an excerpt from the article:

Real talk: Many landlords now rely on a credit check to vet potential renters, especially in competitive markets. (Just try hunting for an apartment for rent in Chicago, IL, and you’ll feel the pinch of a poor score.) Like it or not, your credit history can be used to assess how much of a financial risk you may pose to a landlord. Are you going pay your monthly rent on time, or does your credit report indicate that you have a history of paying bills late?

I especially liked this one: Pay rent in advance or increase your security deposit.

Read the article here and let us know in the comments area which of the 7 you like the most and perhaps how you plan to use this information in your real estate investing. 

PS. Here's a FREE PDF you can tweak and use for your own purposes (just don't "copy" it) and then give to your prospective renters. 

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