Tenant Screening
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 1 day ago,
Is it legal (or a good idea whatsoever) to reimburse screening fees?
Hello fellow landlords,
The properties in question are in a market that although it is not cheap, it draws lots of money-cautious tenants. I am foreseeing a bit of a push back or even turned-off potentially decent tenants by the $50/pp screening fee, mostly for a family of 4 ($200 out of pocket).
I was wondering if offering a credit of either 50% or the full 100% of the screening costs from the first or second month's rent is a good idea.
Thought?
Thank you as usual!