Approve Applicant

If you have not recently watched the recording of the live presentation of "Tenant Buyer Sales and Marketing" you should review it:

https://RealEstateFinancialPlanner.com/tenant-buyer-sales-and-marketing/

If you have not done so recently, review the recording of the live presentation of "Tenant Screening" available on:

https://RealEstateFinancialPlanner.com/tenant-screening/

If you have not done so recently, review the recording of the live presentation of "Mock Tenant Screening" available on:

https://RealEstateFinancialPlanner.com/mock-tenant-screening/

Once you've approved them, let Tenant/Tenant-Buyer know they're approved by phone and email.

Coordinate meeting with them to get "Reservation Deposit Agreement" and the Reservation Deposit.

Send your approved Tenants/Tenant-Buyers a copy of the "Lease" that you're going to ask them to sign.

Until you have a "Reservation Deposit Agreement" and the reservation deposit in hand, continue to market the property and process applications.

No matter how solid you think your Tenant/Tenant-Buyers are it isn't rented until the paperwork is done.

If the Tenant/Tenant-Buyers do not meet your criteria then notify them they have not been approved.

If they did not pass because of credit reasons you are required to notify them in writing.

Some landlords will let Tenant/Tenant-Buyers know what they'd need to do to qualify. For example, you might agree to rent to them if they prepare for 6 months of rent or get a co-signer, etc.