Landlord IQ Test - Silicon Valley Rentals

Landlord IQ Test

When the right handling can mean securing a good tenant, avoiding a bad one, and doing business without legal complications, could you deal with these common situations effectively and legally? Most owners and, sadly, most rental agents cannot.

Marketing issues must be handled skillfully and effectively and without illegal discrimination. How would you handle these?

We have children. Will you accept us?
We are on Section 8 (government subsidy). Will you accept us?
I’m disabled. Would you modify the property so I can rent?
You have a "no pets" policy. An applicant has a service dog. How do you proceed?
We are just starting to look.
It isn’t in our price range.
Would you come down on price?
Your property is over-priced.
My credit is not so good. Will you rent to me?
I’ll be easy to work with and I’m very handy, so I’ll make repairs in return for lower rent. Deal?
That’s our final offer — take it or leave it.
Prospective tenant seems perfect, but doesn’t have enough for a security deposit. What should you do?

Tenancy issues must be handled quickly and legally. What would you do in these situations?

We need a couple extra days to pay the rent.
We’ve moved out and the place is clean. We need our deposit for our next rental; would you please return it right away?
Tenant breaks the lease after just 2 months. What are their obligations? What are yours?
Your tenant is 16 days late on rent and has just declared bankruptcy. It is legal to serve them with a "3-day Notice to Pay or Quit"?
If you don’t refund my deposit, I’ll sue.
You approve an applicant. Rent is $2000/month and they give you $1000 before moving in. Should you classify the payment as "security deposit" or "rent"?
New tenant moves in and their first check bounces, so you decide not to rent to them. Since their first check bounced, must you go through a formal eviction or is a 3-day notice to vacate sufficient?
You discover the tenant is keeping a pet but it’s prohibited in the rental agreement. You wait 32 days to object. Is the tenant now allowed to keep the pet?
Tenant hasn’t paid rent for 45 days and you’ve already given a proper notice to "pay or quit." Can you change the locks?

Could you quickly and effectively respond to each of these situations? We can and do, every day. When you’re a landlord, only entrust your property to the best management you can — KRC Group.