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Updated almost 9 years ago on . Most recent reply
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Help with Screening Process for a Newbie
I'm screening for my first tenants and wondering essentially, must you always process applications in the order they are received? For instance, let's say I have two applications. On paper, both meet my minimum application requirements. However, I had "bad vibes" from the first applicant during the showing. Can I pass over the first application and begin processing the second, since I have a better feeling about that person? I've been seeing comments around BP about processing applications in the order they are received, but if I'm pretty sure I don't want the first applicant, doesn't it make more sense to put my time towards the second?
Most Popular Reply
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I don't know what your local laws are, here in my market there is no such thing as timing of applications.
What I do know, is decide on a process and follow it. If you don't you run the risk of violating fair housing laws which will get you in hot water.
I've found that the best way to screen tenants is get their last two paystubs, copies front and back of state issued ID and run a credit and background check.
If they can't follow directions- DENIED
If their application is incomplete- DENIED
If they don't earn 4x the rent- DENIED
If the don't have ID or their ID is false- DENIED
If there are 12 income tax lien collections (true story)- DENIED
You can add on a layer of a minimum credit score, but in my experience enough good people took a hit from the recession and are playing catch up. I hope that helps and good luck!