Credit Score Requirement

[Jordan Rajchel]

I am working on getting my first rental property rented out. 

I read Brandon's "The Book on Managing Rental Properties" and am requiring at least a 600 credit score. My question is, do you typically require that every person on the least have a 600 credit score?

I am also requiring income 3 times the rent which is 3600 per month. 

One woman responded that they had the income covered between, her, her husband and her son who lives with them. Was just curious, since I will need all 3 of them on the lease, shoudl I also require that all 3 meet the credit score requirement?

[Thomas S.]

Minimum 600 score may be fine for C class properties but too low for my B class properties. I have a minimum 650 requirement and usually accept applicants with 750+ scores.

I will accept a married couple with a combined income of 3X rent but never include adult children income. All applicants over 18 must have minimum credit score but I generally reject applicants with adult children.

The way I operate is I set minimum standards and don't waste my time working to qualify unqualified applicants. Most decisions  are simply black and white made for you by your standards. No point in establishing minimum standards if you have no intent of using them. You set yourself up for legal challenges by not being consistant.