What fees do you charge for move a new tenant?!

[Paul W.]

I want to be sure I'm doing this correctly for a rental property in Gilbert Az Rent is 1450 a month / prorated for the date of move in. We have a $25 dollar application fee for each tenant over 18 for credit/background check Security deposit of 1450 a month which equals one month of rent, due on the date of move in. Earnest money /. How much would be appropriate to charge once the application is accepted. This would be to hold the property for them, the money could be given back or put towards the first months rent. If the applicant backs out this money is not refundable. Is there an appropriate way to figure this amount out? Maybe half of the rent Cleaning fee. The home is in perfect condition and professionally cleaned. Do you charge them a non refundable fee at the time of move in ? 150-250 for our property Any other advice is welcome Thank you

[Jeff B.]

Most do not use a Holding Fee.  Come see the apt and sign the agreement PLUS pay first month+ deposit.  Whoever signs/pays first get's the keys.