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Updated 5 days ago on . Most recent reply

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Tre Wells
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Should I waive tenant application?

Tre Wells
Posted

An applicant applied for our rental and the company the applicant works for is paying for the rent. Should I follow through with background checks and credit score, waive the application, or something else? This is our first time renting.

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Greg Scott
#4 Real Estate News & Current Events Contributor
  • Rental Property Investor
  • SE Michigan
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Greg Scott
#4 Real Estate News & Current Events Contributor
  • Rental Property Investor
  • SE Michigan
Replied

You should vet the company to ensure they have the resources to pay the rent.

You ALWAYS do background checks on the people living in your property because if you let in an axe murderer and they harm someone, you are likely to get sued.

Whether or not you charge an application fee is up to you.  During COVID we tried not charging an application fee and it backfired.  If they have nothing to lose, more unqualified people will apply.

  • Greg Scott
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