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Updated about 4 years ago on . Most recent reply
Thoughts on Charging Application Fees
There are several methods of screening applications at scale and avoiding the time-wasters. One of them is charging an application fee.
While this can serve to filter out some non-serious applicants, it can also prevent some well-qualified tenants from applying when there are free applications for similar units in the same market.
What your thoughts on the up front app fee? Worth it, or not a good idea?
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landlord property manager owner Indiana Ohio Michigan
Most Popular Reply
- Real Estate Broker
- Tulsa- OKC Oklahoma
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It goes back to getting what you pay for. Why charge an application fee? Because the fee should be use to pay a legit 3rd part to do a real background check. These things cost money. If it cost you money as a owner and you pass the cost along why would you not. I don't know of any "well qualified" tenants that cannot pay a $30 application fee.
- Tracy Streich
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- 918-728-8080