Renter Applications

[Jake Weir]

I advertised an apartment early in the month for a March 1 move-in and got a number of bites. However, I put in some engineered hardwood in the apartment and it wasn't show ready until mid-month and raised the rent from $1600 to $1700. When I circled back with those that initially e-mailed me, only one group of applicants viewed the apartment and completed applications. On first glance the group seems responsible and meets the 3x income standard. I'll finish my due diligence and run a credit check, but I usually have my pick of a handful of applicants.

If they meet the minimum standard, would you rent to them or wait a month and gather more applications for a March 15 or April 1 move in?

Thanks, Jake

[Colleen F.]

If they meet standards I would rent to them. The fact that you have a smaller pool to draw from means you may have a longer vacancy if you wait. That being said if they don't qualify wait for someone who does.