Tenant approval flow chart

[James York]

I’ve been dreaming up an approval flow chart to standardize who gets approved and who doesn’t as well as who might get approved with a 2x security deposit. The general idea is to start with “do they make 3x rent” and follow down the line from there. Has anyone created or used a system like this before? I’m trying to devise a system where every applicant with a specific statistical profile (income, evictions, references, credit) would land on the same result, be it approved with a higher deposit, declined or approved with 1x deposit. 

[Cliff H.]

Quote from @James York:

I’ve been dreaming up an approval flow chart to standardize who gets approved and who doesn’t as well as who might get approved with a 2x security deposit. The general idea is to start with “do they make 3x rent” and follow down the line from there. Has anyone created or used a system like this before? I’m trying to devise a system where every applicant with a specific statistical profile (income, evictions, references, credit) would land on the same result, be it approved with a higher deposit, declined or approved with 1x deposit. 

 Great observation James. Formal, uniform tenant screening matters. Exactly what I’ve used for over a decade of turnkey, fully-automated, remote tenant leasing. Happy to connect and see if I can offer additional insights. I’ve sold houses this way. Shockingly effective.