@Zayda Maguire I take an application and screen them in the regular way.

I have 15 years of experience in construction and can pretty much fix anything (with enough duct tape 🤣) I found this BP podcast a couple years ago when I was looking for something to learn while I work.

If the tenant causes $800 in damages, I file a simple, online claim with Obligo and they pay me the $800 with no questions asked, then they pull the $800 from the Tenant's bank account or credit card.All my applicants are given a score and that score determines how big of a deposit they pay.

Still, and even more importantly, location of the property, competitive pricing, applicant pool, etc, these will all play into your ability to get the place rented.Since it sounds like your situation was one where you're acquiring a new property, Grace has the right idea with 2-4 weeks ahead of time (but I'd even still say give yourself as much time as possible because applicants may fall through; ex. someone backs out after going through the screening process and showing intent on signing, but never does, generally you want to know that information well enough in advance that you can still not find yourself in a pinch.

So first we are approved for the line of credit and underwriting for that, then each property loan application goes through an underwriting process similar to a hard money loan experience. 

This despite a very thorough tenant application/screening process.

There is a paper taped to the window in each unit, it's an upgrade colour chart with the name of every owner.

The primary reason for delay was this process:(a) contact attorney, get him lease and applicable info(b) attorney contact process server, send him demand letter(c) process server schedules and then executes service(d) process server sends paperwork back to attorney(e) court date is made based on attorney's availabilityThe third we did ourselves. 

For instance, you can't charge any application fees OR late fees unless the rent is 30 or more days late.I was advised that every person living in the apartment, including children, should be listed on the lease and we require all adults living in the apartment to sign the lease.

The rate is capped at 25%, not including any applicable state recapture tax.