Do government regulations inhibit landlords from selecting good tenants? – Radio Interview with Dan Ramey

 

In my interview last Friday with the inimitable Dan Ramey (at WBEX 1490 AM in Chillicothe, Ohio) to discuss “Turn Your Home into a Rental House,” he asked the question,

“Do government regulations make it difficult when it comes to selecting good tenants?”

My answer was,

“all landlords and owners are required to comply with the Fair Housing Act. The Act prohibits discrimination based on race, creed, color, disability, among other things. We don’t find compliance with the Act an onerous requirement.  To us, it’s only fair that all tenants should get equal treatment.

The Fair Housing Act does not tie our hands when we select tenants because we can still base our tenant decisions on relevant factors, such as:

1.) Does the tenant have enough income to afford the rent;

2.)  Are their personalities compatible with ours;

3.) Do we think they will take good care of our house; and,

4.) Have they been good tenants in the past;

In short, we screen our tenants carefully, and we’ve only had to remove a tenant one time during our 12 years in this business. Government regulations don’t interfere with our tenant selection process.”

Here is the link to my complete interview with Dan Ramey.

 

Upcoming “Turn Your Home Into a Rental House ” Radio Interviews (most shows can be heard  on the internet)

On Thursday, July 25th, at 7:10 a.m. (central time) I’ll be on Jeff Anderson’s show, KSDR 1480 AM, Watertown, South Dakota.

On Friday , July 26th, at 7:30 am (mountain time) I have an interview with David Gillian, KRSN 1490 AM, Los Alamos, NM.

Wednesday, July 31, at 8:15 (central time), I’ll be interviewed by Rich Petersen, KROC 1340 AM, Rochester, MN.

Tuesday, August 6th, at 8:10 am (central time), I’ll be on Bob Schmidt’s show, WLFN 1490 AM, Onalaska, WI.

Wednesday, August 14th, at 9:15 am (eastern), I’ll be on Dave Kelber’s show, WRNJ Radio, Hackettstown, NJ.

Watch this space for information on additional interviews.

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5 Responses to “Do government regulations inhibit landlords from selecting good tenants? – Radio Interview with Dan Ramey”

  1. [...] the Fair Housing Act. Never select tenants based strictly on “race, color, national origin, religion, sex, familial [...]

  2. Yeah agree it is as good hiring someone without any discrimination but making sure he has right competency and you can afford him or he can accept your offer. In case of tenants you need to make sure his background and he is capable of paying monthly agreed rents and he can take care of your house based on his past history
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    • Terry says:

      Sam,

      Well said. If anyone plans to be a landlord for very long, they have to be able to 1.) comply with government regulations, and 2.) select tenants who pay on time and don’t demolish the property. Fortunately, those two considerations are not mutually exclusive.

  3. Untemplater says:

    Screening is important and makes things better for both tenant and landlord. I’ve been fortunate that the landlords I’ve had were all great and were helpful when I needed something.

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