Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 11 months ago, 02/08/2024

User Stats

10
Posts
7
Votes
Matt Waggoner
Pro Member
7
Votes |
10
Posts

Is posting minimum qualifications on Company website a good idea?

Matt Waggoner
Pro Member
Posted

I did a search about this subject and there was a post from back in 2014, but nothing recent. Worst off, there was a link with an example on how another company posted the minimum qualifications for pre-screening on their website, but the link was dead. That said I wasn't sure how to take that...maybe they posted something and got the pants sued off of them and they cant run their website, or maybe they became so good, they sold their company for $$$ and are sipping margs on a beach somewhere now. 

Of course I do not want to post anything that would discriminate against protected classes, and I am actually not afraid to take people with section 8 or other vouchers, so long as they meet the other qualifications. 

I was going to ad a section to our website for prospective tenants and include the information there. I am not overly ambitious or original, pretty much would take the qualifications from Brandon's book on Property Management.  Of note I am renting in Toledo OH, income sources can not be discriminated against, but what I am less clear on is whether I can require that a tenant make a certain threshold for consideration. 


Here are some of the qualifications I was planning on posting on our website. 

Applicant(s) must have current photo identification and a valid social security number.

Applicant(s) monthly household income must exceed three times the rent. All income must be from a verifiable source. Unverifiable income will not be considered.

Applicants must receive positive references from all previous landlords for the previous 5 years.

Applicant may not have any evictions or unpaid judgments from previous landlords.

Applicant must have credit score must be a minimum of 600.

A background check will be conducted on all applicants over 18 that will reside at the rental property. Applicant’s background must exhibit a pattern of responsibility.

Applicant must be a non-smoker.


I am also planning on posting a  disclosure stating that these qualifications are considered when looking at applicants, but all interested parties are welcome to apply. 

Curious to hear everyone's thoughts. 

Matt

  • Matt Waggoner
  • Loading replies...