Tenant Requirments

[Jeff Sheraton]

I am working on putting together a more formal tenant requirements list.  We mainly do low income rentals, average rent is around $800.  Looking for comments on what I have so far and what has worked well for you.

Here is what I have so far:

-Complete the rental application in full, no false information

-View the property in person

-Ability to pay deposit and first months rent within 24 hours of approval

-Household income of at least 3x rent

-1 year of stable documented income (job, govt assistance, ect)

-Positive rental history or cosigner that meets all requirements 

-No landlord tenant issues (judgement, evictions, broken leases, damages, ect) for 5 years

-Current on all bills (excluding medical)

What are your thoughts?