All Forum Posts by: John Crawford DeBuys Freeman

Why do management properties require an application along with the application fee for each adult in a house?

It seems like the higher rental fees could potentially turn away prospective tenants. Why not just charge for one application for the individual who feels they will be accepted and just have their name on the lease? I'm sure there is a reason why but I wasn't sure if it were for legal purposes or just wanting to know who will be living in the property better.

Just need some help with renting a house in a low income area. I've got a potential tenant that has a credit score of 563. They currently owe around $5,000 to various companies. They do make 3x rent as far as income and have a good rental history (However, they didn't make quite as much as they said). These things have been verified. I asked for a co-signer with good credit. However, the co-signer's credit is worst than theirs. I've heard varying opinions, some people say don't worry about bad credit in low income areas/some say you need to a little bit. I'm leaning towards rejection here unless they can find a co-signer with good credit. What would be a realistic credit score to consider "good credit" for low income areas and what is your opinion on this situation? Thanks for your help!