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Updated about 6 years ago on . Most recent reply

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345
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Craig Garrow
  • Real Estate Broker
  • Malone, NY
70
Votes |
345
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How many of you are charging application fees?

Craig Garrow
  • Real Estate Broker
  • Malone, NY
Posted
Just looking to find out who's charging fees for rental apps, and what you're charging? Have you had any push back from a tenant who was denied?

Most Popular Reply

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28,164
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,255
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28,164
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

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
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