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Updated about 11 years ago on . Most recent reply
Must I take FIRST qualified applicant, or can I choose between applicants?
Hello,
With many thanks to everyone here at BP, I am now advertising my townhouse for rent.
Do we as landlords have to take the first qualified applicant? Or can I gather all the applications and then pick and choose.
I tried finding the answer, but to no avail. I also thought I remembered reading somewhere we have to process applications in chronological order. Is that true?
Last question, does each person living in the home need to meet the 3 times gross monthly rent? Or is it the combined household? (Example: Rent is $1000/month, so 3x gross equals $3000. Does each adult need to bring in $3k a month? Or if 2 adults are going to live there, each could only bring in $1500, combined to make $3000, and qualify?)
Thanks!
Most Popular Reply
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I changed my processes to accept the strongest applicant. I use a point system. If they have really low points they are disqualified. If they have really high points they are offered the unit. Mid point folks stay in a holding pattern to keep poking and waiting, and best applicant gets an offer if they make the baseline points.