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Updated 11 months ago on . Most recent reply
Screening Criteria - Portland, OR
Hi all. I'm wondering if any landlords in Portland, OR can share the screening criteria they currently use. In particular, since the FAIR ordinance went into effect. My screening criteria are out of date, and the laws have changed quite a bit since I last used them, but I'm also curious to learn what others include. I'd prefer my screening criteria to be as tight as possible while still complying with all laws. Thanks in advance for any insights!
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Quote from @Henry T.:
I follwed the link(thanks). Very interesting, but it turns my stomach at it's intrusiveness to one's business model. Low barrier 500 credit score? You've got to be kidding. Portland is a joke.
Ya, it's bad. That's why I sold everything in town except one that I have a partner on. The maximum you can require for income is 2.5 times the rent. So if your rental is $1,700 a month the max you can require for income is $4,250. After they pay rent and taxes they have about $1,500 or $388 a week for everything else. That seems a little tight in today's economy to me but that's the maximum you can require. Seems like BS.