New (ish) Colorado law Lowering Income Requirement

[Makan A Tabrizi]

Colorado limited income qualification to 2X rent recently. Does anyone have a strategy to protect against less-than-qualified tenants getting approved? I used to charge the equivalent of one monthly deposit for qualified tenants (when it was OK to screen based on 3X rent). Should I be increasing my deposit requirement to the two months max allowable to mitigate some of the risk? I remember when I lived in LA paying first, last, and deposit was standard but that was when rents were lower. It seems like a lot to ask nowadays for the equivalent of 3 times rent upfront. Then again I don't have any other solutions. Any suggestions would be appreciated.