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Updated almost 2 years ago on . Most recent reply

Michael Maliszesky's profile image
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Michael Maliszesky
  • Member since Jan 18, 2021
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Michael Maliszesky's profile image
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Michael Maliszesky
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Michael Maliszesky
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Votes |
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General Landlording & Rental Properties

What is a good credit score requirement?

Michael Maliszesky
Posted

Hello, I just listed my first rental. I am currently asking for a 600 credit score as one of my requirements. But I'm thinking that might be too high and I should lower it to 550. 

I would like to know what others use for their credit score requirement, or any tips on setting tenant requirements in general.

Virginia Beach, Virginia
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Karl B.'s profile image
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Karl B.
  • Rental Property Investor
  • from Erie, PA
  • Member since Apr 23, 2015
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Karl B.'s profile image
Karl B.'s profile image
Karl B.
  • Rental Property Investor
  • from Erie, PA
  • Member since Apr 23, 2015
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Karl B.
  • Rental Property Investor
  • Erie, PA
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Karl B.
  • Rental Property Investor
  • Erie, PA
Replied

What class of rental is it? 

I do mostly C-class and my minimum is 625 and no prior evictions. I also require 3.5 times earnings as most of my rentals are one bedroom and are currently renting in the $550 - $675 range (for my SFH I require 3.0 times earnings).

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