Tenant Selection Rules-Alameda County/Alameda

[Nicole Chang]

I worked with a management company to rent out my townhome and they sent me an application with a set of 3 roommates that barely makes enough as 2 and just squeaks by with the 3 to meet income requirements. While technically it works I don't feel comfortable renting to a set of roommates. Is there a rule that I can't pull my listing all together if I don't like the applicant pool?

[Nick Emerson]

Hi Nicole, 

Your question will vary based on what is outlined in the contract you entered into with the Management Company for Tenant Placement. There should be a section speaking directly to this. Feel free to private message me if you need further assistance. 

[Henry T.]

how about....EACH applicant income must be 3x, 4x, 5x, total rent.

EACH applicant must have a credit rating of 800 or higher.

Only one vehicle is allowed on the property, landlord uses the other spaces.

That should weed them out.

[Jennifer Jo McCallon]

Hi Nicole-

My requirement is 2.5x the monthly rent, a credit score of 680 or higher. This applies in the Bay Area and anywhere I rent properties. I manage a very select few properties in the Bay Area (and have a couple of my own). Feel free to reach out if you ever want friendly advice. 

[Jennifer Jo McCallon]

Hi Nicole-

My requirement is 2.5x the monthly rent, a credit score of 680 or higher. This applies in the Bay Area and anywhere I rent properties. I manage a very select few properties in the Bay Area (and have a couple of my own). Feel free to reach out if you ever want friendly advice. 

[Brian Garlington]

Whenever I have had cash tenants I always required 3x income.

Now all my tenants in the Bay Area are Section 8 or Abode Program so I have Zero worries about the ability to get my money .

[Kelsey Bailey]

@Nicole Chang If an ad was posted for your home, with the qualifications specifically outlined, and these applicants applied and met all of the requirements you could run into issues with Fair Housing for possible discrimination if you circle back around and do not allow these applicants the opportunity to rent. It's possible that if you refund them they won't cause any issues, but it's possible that they do push back. 

[Raj Ajrawat]

Quote from @Brian Garlington:

Whenever I have had cash tenants I always required 3x income.

Now all my tenants in the Bay Area are Section 8 or Abode Program so I have Zero worries about the ability to get my money .

Can you share more details on the Abode Program? Tried searching online but wasn't sure if I was getting the right information.