Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I had a prospective tenant (traveling nurse) last week who was interested in renting the unit starting in mid-August and I sent her the link to the Avail application.

When an applicant is approved, I follow this process:1.

The expenses of the mortgage, property taxes & insurance and HOA (if applicable would have to be at or below the number- in this example, $8,000).

Generally, under Section 504, you must pay for a reasonable accommodation, and you cannot make the applicant or tenant pay for it.

Since they have been good residents, they can stay as long as they like, but we are not accepting applications for new section 8 residents. 

That is the very purpose of setting standards....denying applicants based on mitigating risk.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

In addition, reporting companies created on or after January 1, 2024, are required to submit information about the individuals who formed the company (“company applicants”).FinCEN is committed to providing America’s small businesses with the resources and information they need to make filing as quick and easy as possible.

Over doing this 30 years my experience has been that able-bodied applicants are turned off by that stuff in the shower.