What Is Tenant Placement?
The #1 Source of Landlord Horror Stories (and How to Easily Steer Clear) We’ve all heard the horror stories—landlords who dipped their toe into rental ownership and ran for the hills after a nightmare tenant. We’ve been there too, and we have the scars to prove it. But here’s the truth: most of those horror stories could have been avoided with proper tenant screening. Why So Many Landlords Have Bad Experiences The biggest problem? Selecting unqualified residents. The kind who don’t pay rent, damage your asset, or leave you hanging on short notice. In contrast, qualified residents pay on time, respect the property, and often stay long-term. The Secret to Success: Tenant Screening This is the “secret sauce” behind successful rentals. Screening and vetting applicants is a core part of tenant placement , also known as lease-up . Full-service property management companies like us typically charge a placement fee , which can range from a flat fee (like our $450) to a half ...