Rental Qualifications Too Strict????

[Bradley Lewis]

Could I get some feedback on my qualifications for my SFH? Are they too strict? I am in the east region of Dallas. Thank you!

Income must be 3x the rent. 

Credit score must be a minimum of 680. 

No evictions, bankruptcies, foreclosures.

Non-smoking.

Lease duration minimum 12 months.

ONLY dogs and cats are allowed and a maximum of 2.

Anyone living in the property 18 or older will be screened with credit report and background check.

[Kim Meredith Hampton]

Looks good to me, except we also require that they renters insurance, and we are named as additional interest or additionally insured. 

The only problems I have seen of late, are that because rents have risen here about 25% in our areas of Florida, any of our C properties are having a hard time qualifying at the 3X, but these are our qualifications across the board; firm, fair and consistent