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Updated over 6 years ago on . Most recent reply

User Stats

256
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Mel Hayes
  • Investor
  • Los Angeles, CA
110
Votes |
256
Posts

Tenant Screening - Scoring system?

Mel Hayes
  • Investor
  • Los Angeles, CA
Posted

question for property managers and self manging landlords.  Do any of you have a screening scoring system?  I just read the ultimate guide to screening but I didn't notice a score system.  For example, you have 2 applicants who both "qualify" for your rental.  With the scoring system you determine who gets the rental.  1 point for each year they have been on the same job. 1 point for each 10 points over your minimum credit score rating. If you ask they make 3x's the rent and they make 5x's the get 2 points.  Do you any of you use a system like this or one simular?  I've heard it protects you against applicants who get denied because you can better explain why someone else was given the rental.  If you do use a system maybe you could share?

cheers!

Most Popular Reply

User Stats

2,368
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1,082
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Michele Fischer
  • Rental Property Investor
  • Seattle, WA
1,082
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2,368
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Michele Fischer
  • Rental Property Investor
  • Seattle, WA
Replied

I'm happy to send mine to anyone who sends their e-mail address.  It was built and tweaked by looking back at applications after knowing how the tenants turned out and looking for themes that seem to lead to great or unsuccessful tenants.  The individual items or scoring would vary by market, but it works.  I like that it documents my thought process and that it takes the emotion or bias out of it.

  • Michele Fischer
  • Podcast Guest on Show #79
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