The Tenant Screening Funnel - Landlords & Property Managers
4.7 (47 ratings)
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The Tenant Screening Funnel - Landlords & Property Managers

A proven 5 step process for getting the best tenant for your rental property. Say goodbye to evictions and late rent.
4.7 (47 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,447 students enrolled
Created by Eric Worral
Last updated 6/2017
English
Price: Free
Includes:
  • 1.5 hours on-demand video
  • 18 Articles
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Students will learn the process behind the "Tenant Screening Funnel" to find the best renter for your rental property.
  • Identify the best tenant applicant.
View Curriculum
Requirements
  • To take this course you should be a landlord, property manager, or someone who is interested in real estate investing.
Description

One bad tenant. That's all it takes for a landlord to want to sell the farm.

RentPrep wants you to keep the farm.

In this course we will teach you the 5 step method known as "The Tenant Screening Funnel" to get the best renters.

We've been in business since 2007 and have worked with nearly 30,000 landlords.

We've spoken with thousands of landlords in the past 10+ years and this course is designed to share everything we've learned on how to find the right tenants for your rental properties.

It's a process of understanding your rights as a landlord and implementing these proven strategies to find that perfect tenant.

In this course you'll learn the pitfalls to avoid. What you can and can't use as screening criteria and how to find that perfect renter.

There are zero refunds on this course... because it's absolutely free.

You have nothing to lose except a bad tenant applicant. 

See you inside in the course,
Eric

Who is the target audience?
  • Landlords and Property Managers that want to find the best tenants.
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Curriculum For This Course
38 Lectures
01:26:16
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Course Overview
1 Lecture 02:44

A quick overview of what this course is about, why we've spent the time to create it, and a visual table of contents using the "tenant screening funnel."

Course Overview
02:44
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Start By Knowing Your Legal Rights
7 Lectures 11:02

Knowing your laws is the first step in the tenant screening process for a landlord. Avoid costly mistakes that rookie landlords make in the tenant screening process.

Start By Knowing Your Laws
00:29

You must know your federal AND local laws. Be sure to research your state and local laws that govern the tenant screening process.

Know Your Laws
01:47

The Fair Housing Act protects people from discrimination when they are renting, buying, or securing financing for any housing.

This list of protected classes includes the following:

  • Race
  • Color
  • National origin
  • Religion
  • Sex
  • Disability
  • Familial status
Familiarize yourself with the Fair Housing Act
01:34

The protected classes are protected through the entire screening process. From marketing to selecting your tenant. Know who they are and understand their rights.

The Protected Classes Outlined In The FHA
00:34

The FCRA governs CRA's (consumer reporting agencies) and you should understand the rules laid out in the Fair Credit Reporting Act.

Understanding the FCRA
03:27

One of the easiest ways to protect yourself from a discrimination claim is to create a set of standards for your rental property.

You should have a "tenant screening criteria" established for each rental property and stick to your standards of why you either accept or deny a tenant applicant.

A growing trend is for a landlord to enact a "First Come First Served" screening process. This is where you screen applicants in the order they submitted a rental application, then, the first applicant to pass your screening criteria will be offered the rental. Currently, Seattle Washington is trying to make this the law.

Having a screening criteria standard for each rental is a no brainer. To take it to the next level, consider screening applicants in the order they applied for the rental.

Setting Your Tenant Screening Criteria
00:33

Spend time and put together a tenant screening criteria. It could save you big down the line!

Creating A Tenant Screening Criteria
02:37
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Setting The Rent & Ratio
4 Lectures 08:17

One of the most important screening tools is to establish a rent to income ratio for your screening criteria. It is your legal right as a landlord  to make sure a tenant applicant can afford the rent you'll be charging. Learn how to set the rent to income ratio for your property.

Using Rent And Income As Screening Variables
00:26

Setting the right rent amount is going to play a big part in the response you get for your rental property. Make sure you're charging the correct amount for your rental.

Graphing The Price Of Your Rental
05:29

Learn how to set the rent to income ratio for your rental property.

Rent To Income Ratio
00:26

Learn a quick calculation for determining the rent to income ratio.

Rent-To-Income Ratio Explained
01:56
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Marketing Your Rental
7 Lectures 17:33

If you don't properly market your rental you won't get enough interested applicants. Don't get caught picking the best of two tenant applicants. Learn how to market your properties.

Marketing Your Rental
00:43

For this course we're going to focus largely on digital marketing solutions for your rental properties.

Let's Keep It Simple
01:43

Take better photos and you'll get a better response to your rental listings. It's that simple. Learn a few tips on how to take better photos.

Tips On Taking Better Photos
06:20

Learn how to edit your photos to really make them pop. We cover a beginner's guide to photo editing in this lecture.

Tips On Editing Your Rental Photos
06:21

Are flyers date? ... Yes they are.

However, things such as flyers and signage can always make a difference. Check out these free templates.

Templates For Flyers
00:29

Learn how to post a rental on Zillow.

How To Post Rental On Zillow
01:17

This concludes the marketing section of this course. Next, we will learn how to engage the interested renters who saw your marketing.

People Who Respond To Your Marketing
00:39
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Phone Screening
4 Lectures 07:55

This step is crucial. Don't waste your time showing your rental to non-qualified applicants. 

Weeding Out Tenant Applicants BEFORE You Show
00:16

Google voice is a nice free tool that will allow you to have more control in the screening process.

Setup a Google Voice Number
06:16

Try these 20 questions on for size. You don't have to ask every question but pick a few that work for your situation.

Questions To Ask Applicant On The Phone
01:08

Our Facebook group is a valuable resource. Check out what landlords had to say on prescreening applicants.

Landlords Weigh In On Prescreening
00:14
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In-Person Screening
6 Lectures 06:35

This is the first time you'll be showing the rental to interested parties. Make sure you're figuring out a system that works well for you.

In-Person Screening
00:07

As you can see, there are different strokes for different landlords when it comes to showing a rental property. Make the right decision for your situation.

Showings Poll
00:29

Learn the Pros and Cons of different showings you can do for your rental listings.

Private vs. Group Showings
03:20

Your rental application is a valuable screening tool. Make sure you're using it to it's full capability. 

Rental Application Overview
00:17

This simple policy can save you a lot of time and headaches. Learn how.

Rental Application (No Blank Space Policy)
02:03

Be safe and follow these tips to make sure you maximize your in-person screening.

In-Person Tips To Remember
00:18
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Run A Background Check
7 Lectures 28:41

Running a background check is a crucial step in the tenant screening process. Make sure you're doing this in order to get the right tenant in your property.

Running A Background Check
00:37

Learn more about the different types of background checks available to you as a landlord.

Background Checks Break Into Two Main Sections
01:39

Learn how to choose between the different packages available to you.

How To Choose Between Screening Packages
04:13

How to call a previous landlord to verify a tenant applicant's residence.

Verification Call To The Previous Landlord (property manager)
06:33

Steve White shows you how to call a current landlord to verify residency for an applicant.

Verification Call To Current Landlord (private landlord)
03:30

How to perform a verification call to a current employer.

Verification Call To Employer
08:52

Make sure you're using adverse action when denying a tenant applicant. You must do this!

Denying A Tenant Applicant With Adverse Action
03:17
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In Conclusion...
2 Lectures 02:05

Now you can follow your screening criteria to choose the right tenant.

How To Pick The Right Tenant
00:53

Take advantage of our free resources!

Take Advantage Of Free Resources
01:12
About the Instructor
Eric Worral
4.7 Average rating
46 Reviews
1,447 Students
1 Course
Community Manager at RentPrep

I've owned and managed rentals for the past 8 years. I'm not sure if you could've found a less educated landlord 8 years ago. 

About three years ago I met Steve White (CEO of RentPrep) and he started educating me on property management. We hit it off and I've been working full-time at RentPrep since September 2016. RentPrep is a tenant screening company located just outside of Buffalo, NY.

For the past eight months I've been a sponge on all things landlording.

We co-host a hit podcast called "RentPrep for Landlords" where we dissect a topic each week specific to landlords./in/ericworral/

I manage a private Facebook Group of over 500 landlords that ask/answer questions every day.

Most of all, I'm all about transparency and helping people.

Looking forward to chatting more!