Is there a correlation between nicer homes and better tenants?

[Mike Franco]

I'm wondering whether you landlords have noticed better qualified applicants after you renovate (or if you have a nicer looking dwelling)-- People with higher income, stable jobs, better ability to pay rent. Are the "richer" people attracted to the nicer looking rentals?

------
About 2 years ago, I renovated my rental home out of necessity. The vinyl floor tiles were coming unglued, toilets didn't flush well, vanity was barely attached to wall. Front lawn was just dirt and weeds. It was a dump.

I replaced all the vinyl with ceramic tile, new vanities with granite countertops, new toilets, new grass, all for pretty cheap cost.
My house now looks up to date, but not the nicest it can be.

The problem is, I still have the same kind of crap applicants, i.e they're good people, not pigs thankfully, but they eventually have no money to pay rent. They are the paycheck the paycheck type.

I'm always wondering, where are all the people with enough money?