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Updated almost 16 years ago on . Most recent reply

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Bienes Raices
  • Orlando, FL
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Do your applicants have trouble coming up with the move in monies?

Bienes Raices
  • Orlando, FL
Posted

I'm asking $995 first month's rent, + $795 security deposit, so total about $1800 to move in. I don't know if most tenants have this much cash available at once, and if I'm being reasonable (I did already make the deposit a bit less than the rent as an enticement, since I'm also charging an app fee for screening costs).

The reason I'm asking is I just received a call from an interested party, but when I told her I charge $40 per adult for app fee she hung up on me. :roll:

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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,355
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

If an applicant is going to have a hard time coming up with the money for the application ... do the math ... they will have a hard time paying too.

Lots of renters know that they won't pass anybody's screening procedure, so they are hoping to find somebody who isn't looking into their background. Once they realize you will do just that, there is no reason for them to continue on just to hear a rejection.

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