Screening Tenants in Phoenix, AZ

[Kevin Ferris]

This is just our second rental property, but I'm having a hard time finding qualified tenants.  Am I setting my standards too high?

2000 sqft house, 3bds, 2.5 bath with a community pool, nice North Phoenix neighborhood, $1550 per month.  It's priced well, and others are renting out quickly.  Based on what I've read, we wanted at least a 650 credit score, and three times income.  We've turned down six or seven applicants already.  Only one met the credit score requirement, but income was only two times rent.  Most others were not even at 600 credit score.

Do I wait it out, or lower my standards?  Are there any decent renters in Phoenix?  Starting to get pretty frustrated.  They told me this was supposed to be easy!  j/k