I live in Texas, so I have to comply with the rules for application fee listed on this website.The website basically stated that "At the time a prospective tenant is given a rental application, the landlord must also provide written notice of the tenant selection criteria and the grounds for which a rental application may be denied".Tenant Selection Criteria:Minimum lease term is 12 monthsNo pets allowedNo smoking allowedMonthly income is at least 3 times rent (approximately $4,000).Have not declared bankruptcy in the last 60 monthsMust pass the TransUnion MySmartMove screening process (credit score and background check), and recommended by the system.If you currently live in a rental property, you must be able to provide a reference from the current landlordWhat do you guys think about the criteria I've written?

The official listings I've been looking through on Apartments around 900-1100 have all denied me from not meeting this income requirement.

Deny the tenant and move on.

. #3 - Notify my insurance company of this policy so in the event there is damage to a visitor's car, they are aware of the policy and will deny any claim against them for damage to a guest's vehicleI'd like to hear from those of you in MA who have had similar situations with damage to vehicles from falling ice and how you have made changes to your policies to limit your insurance exposure. 

The simple dollars and cents explanation of denying them the house should keep you out of any trouble and leave them to try and sucker another landlord. 

We figured it is best to have a relationship with multiple portfolio lenders because if one denies you for a loan you have a backup to go to.  

***************************************************************My cost to Buy/Rehab = $  75kARV after rehab               $160k75% ARV (in 2mths)        $ 120kRent =             $ 1500R/I                   $   350PM (10%)        $  150MTNC (5%)     $    75D.S. on REFI   $   400   (only did 75k refi)NET CF        = $   625/month      ****************************************************************Joe VilleneuveREcapSystemA2REIC    Are you denying that you listed a house for sale on your website showing zero expenses?  

You will be required to somehow prove that your failure to do what you promised was due to something completely out of your control, such as a non-voluntary job relocation or out-of-state mother in law that came down with cancer that caused you and your spouse to move to be closer to her until she passes away.If you cannot prove that this thing was completely beyond your control, your future mortgage loan application(s) will be denied until so much time has passed that there's nothing in your paperwork making it obvious that you did this.

If you end up denying the application due to information in the credit report, just make sure you comply with federal law and provide the appropriate notice:https://www.ftc.gov/tips-advice/business-center/guidance/using-consumer-reports-what-landlords-need-knowBetter safe than sorry!

. §§ 1681 and following.)THIS NOTICE is to inform you that your application to rent the property at ___[rental property address]___ has been denied because of [select all that apply]:[ ] Insufficient information in the credit report provided by ___[Credit reporting agency]______[Address, phone number, URL]___[ ] Negative information in the credit report provided by ___[Credit reporting agency]______[Address, phone number, URL]___[ ] The consumer credit reporting agency noted above did not make the decision not to offer you this rental.