How to handle high demand on a rental

[Paul Smythe]

How would you recommend handling a lot of demand on a rental property? I put a listing up and after 24 hours I have five visits scheduled. How would you guys recommend I handle the process?

My thought was to give tenants priority based on visits. The first application will get first priority, and if they don't qualify after the background/credit check I will run a background/credit check on the second application, and so on. That way I am not wasting their money with background checks unless they are next in line. I plan to use SmartMove, so the tenants can pay for their background check themselves.