How Landlords Find Tenants 2 Transcript Practice

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guarantee  - make up - confirm - relationship - responsible - credit rating - employment  - bank statements - kick … out

Yuliya: So you usually meet the tenants in person before [renting your place to them]?


Tim: Oh, yeah, of course, sure.


Yuliya: And you mention you usually get 7 or 8 responses, so how do you choose one? 


Tim: I try to be , I try to go in order. If the first person that gives me the application, meets the requirement, seems okay, then I go with that person. If there's something wrong with that, if there's something I'm not too sure about, then I'll go to the second application, and do it like that. So you have to be quick. When you put in the application, you have to move quickly, that's for sure.

When I look at the applications, I also just make a few phone calls, just to check on the situation, or the money in the bank, etc[etera]. 

I think because the units I have are downtown, because they’re in a house, I tend to get younger applicants. Also those units are smaller, so no families, really. So they tend to be younger, which means that they don’t have a long history of work, or earning money or , or whatever.

So I don’t usually depend on the credit rating, but I do look at bank statements, and check up on the employer, and the information that they tell me.

Yuliya: So, would you say it would be very difficult to rent if you don't have a job yet?


Tim: Yeah, that would be difficult. Every landlord wants to make sure that you can afford the place. So if it's a credit rating, that shows that you're and you can do it.
If it's a bank statement which shows that you paid every month, or several that show you pay your rent every month, that shows responsibility. If you have enough money in the bank, then at least that shows that you have the money to pay for it, as well.

If there's a problem, it's going to cost them a lot of money to the person . 

I think they're a little more nervous when you are applying, and they want to make sure that you can pay for it, and that you're responsible enough to pay for it.

And if you don't have a job I think you have to for that somehow in a different way, with money in the bank.

Or maybe have a guarantor, a relative or somebody who can co-sign the lease, to , something like that, would help the landlord feel a little bit more confident in you.

Yuliya: Thank you for sharing that!

 

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