The need for slumlords
Every ethical landlord has a method for selecting tenants that profits his business while operating fairly.
What percentage of potential tenants have you considered low-grade? Where do the low-grade tenants go when they are filtered out? Don't they need somebody with poor management and business practice to rent to them?
Now I know there are also good tenants that end up with some crappy landlords too but for the sake of discussion I'm wondering about that group of tenants that you turn away because they don't meet your requirements.
Its also possible that some tenants may perform better when they sign a good lease with a solid landlord, but thats not to say its always the landlords fault.
Thoughts?