Accepting multiple applications and fees with limited supply

[Josh Welch]

Hi, Does anyone know the legality behind accepting multiple applications and hence, fees when there are only a few vacant units in a multi family and the units fill up quickly? Do you have to refund applicant money that came in while you were qualifying the candidates that eventually became tenants? We are thinking of doing an open house type of viewing for a newly acquired multi with some upcoming vacancies. Thanks in advance! Josh W

[Josh Welch]

Kim Meredith Hampton thanks for the reply. So you're saying as long as it is outlined in the application and explained to every applicant when they apply, the fee can be non refundable? Also, I read your bio and would love to connect with you offline. Most of my rentals are in Orlando and am looking at other prop mgmt solutions.