Rental Applications

[Grant Anderson]

Hello all, I have a few rental properties that I manage myself. I have been hearing from some people that I should set up some criteria to base my decisions on. The criteria I have come up with is income must be three times rent, satisfactory rental history for past two years, satisfactory credit 640 or higher and no delinquencies for past 6 months, No past evictions or owe money to past landlords. I have been trying this with a property that I currently have available, but most people are under the 640 credit rating. Is that too high? Are there any other criteria I should look at?

Thanks for all your help.  

[Robert Nason]

640 is a good base to work with. But look at employment history, past landlord referrals and determine why the credit score may be less than stellar. I use Zumper.com to pull all my reports.