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Updated over 5 years ago on . Most recent reply

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1,083
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Deborah Burian
Pro Member
  • Rental Property Investor
  • Oklahoma City, OK
412
Votes |
1,083
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Application Fees

Deborah Burian
Pro Member
  • Rental Property Investor
  • Oklahoma City, OK
Posted

I'm really struggling with this application fee thing. Any words of wisdom? Going to have an Open House today and it doesn't feel right to take a fee from each applicant knowing we'll only rent to one...

  • Deborah Burian
  • Most Popular Reply

    User Stats

    988
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    258
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    Tom Goans
    • Real Estate Investor
    • Englewood, CO
    258
    Votes |
    988
    Posts
    Tom Goans
    • Real Estate Investor
    • Englewood, CO
    Replied

    Here may be a way to sell the fees and begin the relationship on a very positive note:

    Offer to apply the fee to the first month rent.

    Now, you have a happier tenant and you are outperforming the competition.

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