As far as applications go, you should collect an application fee (usually $40) for every adult 18 and over that will be living in the unit.

two bedrooms and 4 adults sounds better than 1 adult and 3 bedrooms. check there references.

My 40+ installer was identified as the adult in the room, if he was with me and had confidence in what I was doing then the customer could relate to my offer as being genuine.

You need to ask ages so you know who all the adult applicants are.You ask the birth date and take a copy of their DL for the applicants to establish their identity correct?

I treat my tenant buyers as adults.

I would try to throw it back in their court to work it out as adults.

If you don't mind a bunk mate then you'd get $600 for the one bedroom and 7 people paying $250 for a total rent of $2,350.In the Bay Area there are companies that buy houses with the plan to fill them with either students or even adults that could never afford to live in a SFH.

I recently joined Bigger Pockets because I see that’s there’s great information for beginners like myself and the community.I’m currently going through a small dilemma and I’m stuck between cross roads and I’m not sure which path to take out of my 2 options and I would like to receive some feedback possibly advice so I can make an educated decision.A little bit about myself ever since a young adult I always been interested in Real Estate like many people I have spent about $10,000 over the past few years on courses and education but nothing really came of it besides understanding the basics and having 1 a week phone meetings only lasting 30 min.

We would like to charge 10% per adult or 10% for 2 kids if the kids are below the age of 18.

The mother who lived in a similarly priced apartment to the one I was was renting was the one that looked at the apt, filled out the application, used her ssn/dob/ID, provided her landlord and employment references, singed the lease, accepted the keys......and then her adult daughter moved in instead of her and lasted 3 months before being evicted.