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Updated almost 9 years ago on . Most recent reply

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Matt Kowske
  • Madison, WI
10
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62
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Can I have different screening guidelines for different areas?

Matt Kowske
  • Madison, WI
Posted

I have read numerous times how important it is to have your screening guidelines clear and in writing and to stick to them. I understand that -- but is it possible to use different screening rules for different properties, assuming you stick to your system?

I ask because while I have some rentals in areas where I would like to use the 3x rent rule for income requirements, this would never work for a building I have in another area of town that is lower income. 

Most Popular Reply

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9,999
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
18,564
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorReplied

@Matt Kowske it is reasonable to have different screening guidelines for different properties. Different locations have different needs. Just specify what property or properties your policy covers.

  • Joe Splitrock
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