What to look for on Renters application?

[Mike Ojo]

I am starting to receive applications on my first rental property (all digital applications). I need some advise on what exactly I should be looking for to qualify each tenant please.

Income: What multiples of the rent should their income be? Also is 3 months of rent upfront standard? (first/last month rent + 1 month rent security deposit)

Employment: What is the average job tenure to look for? I see some applicants here with less than 12 months.

Credit: What's a good minimum credit score to qualify? also what other important metrics to look for on the credit report?

Past rent: What is the average past rent stay to look for? for example I have applications from college students who's average stay at their last housing is less than 6 months. Does this matter?

Co-applicants: How do you treat multiple 'unrelated' applicants?

Quarterly rent: Have you experienced this before? I have an applicant who wants such arrangement.

All answers and advise are greatly appreciated. Thank you.