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Updated about 6 years ago on . Most recent reply

How many of you are charging application fees?
Most Popular Reply

- Real Estate Broker
- Cody, WY
- 41,255
- Votes |
- 28,164
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I started charging application fees four years ago. Charging a fee will automatically screen out some potential "problem" applications. I manage 210 rentals and you'll be amazed how many times people want to rent an apartment or house but can't even afford the application fee. I also disclose up front what my screening process includes. I am telling the truth when I say my applications were cut in half within a few months but so were my problems!
I charge $20 per adult and the background check costs me $16. My fee is 100% non-refundable. If granny dies 15 minutes after they submitted the application and they have to go back to Kansas, I still keep the fee. Be sure to disclose this up front.
- Nathan Gesner
