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Updated almost 10 years ago on . Most recent reply

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117
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Grant Anderson
  • Investor
  • Indianapolis, IN
40
Votes |
117
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Rental Applications

Grant Anderson
  • Investor
  • Indianapolis, IN
Posted

Hello all, I have a few rental properties that I manage myself. I have been hearing from some people that I should set up some criteria to base my decisions on. The criteria I have come up with is income must be three times rent, satisfactory rental history for past two years, satisfactory credit 640 or higher and no delinquencies for past 6 months, No past evictions or owe money to past landlords. I have been trying this with a property that I currently have available, but most people are under the 640 credit rating. Is that too high? Are there any other criteria I should look at?

Thanks for all your help.  

Most Popular Reply

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260
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99
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Robert Nason
  • Lowell, MA
99
Votes |
260
Posts
Robert Nason
  • Lowell, MA
Replied

640 is a good base to work with. But look at employment history, past landlord referrals and determine why the credit score may be less than stellar. I use Zumper.com to pull all my reports.

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