Tenant Screening Criteria

[Andrew Self]

Good morning all! I am set to close on my first investment property tomorrow 🎉🎉 This is a 2 unit multifamily with one unit occupied and the other has been turned over and is ready to rent. What criteria does everyone here set for tenants? Minimum credit score, criminal history, income amount and so on. I have a good idea of what I want but would love to hear input from some more seasoned investors on anything to look for, avoid at all costs and so on. Thanks in advance!

[Mackaylee Beach]

Ensure that you adhere to HUD guidelines and your state's regulations when establishing the screening criteria for selecting your tenants.It's essential to maintain transparency and fairness throughout the process to create a positive experience for both parties. By setting clear expectations and criteria, you can attract responsible tenants who are more likely to respect your property and fulfill their lease obligations. Additionally, consider offering amenities or incentives that can enhance the appeal of your property, such as modern appliances, pet-friendly policies, or flexible lease terms. These can make your rental more competitive and desirable in the market, potentially reducing vacancy periods.