An interesting concept for tenant selection process

[Steve Babiak]

I just came across this link that might be worth considering when choosing a tenant. 

http://www.quora.com/What-are-the-most-interesting...

Read the comments posted there too. 

Basically, evaluate 37% of the pool of applicants and then pick the first one after those who is better than all of the first 37%; all of the first 37% get declined. Obviously, your screening criteria might be tricky, but you can measure income, longevity with prior rentals, longevity at jobs, eviction counts, felony counts, etc and arrive at a score using a formula. 

Now that the premise is set, let's discuss pro and con of this concept.