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26
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18
Votes
Akeim Fin
Pro Member
  • Rental Property Investor
  • Providence, RI
18
Votes |
26
Posts

Screen Potential Tenants

Akeim Fin
Pro Member
  • Rental Property Investor
  • Providence, RI
Posted Jul 16 2018, 10:58

This is my first time doing this so any information will be helpfully.

How do you qualify tenants when they apply together as roommates? Example one of my standards is a minimum of a 600 credit score but one has a 560 and the other has a 770 or I require a background check but one roommate is a student from overseas with no SSN for a background check.

In general, how do you treat groups of people that are applying? Another standard is Applicant's monthly household income must exceed three times the rent. So should that be each tenants or the group? I am renting an A apartment in a D/F neighborhood. It’s a beautifully renovated 3 bed 2 bath 1st floor unit that I am trying to rent BUTTTT The house next door is burnt down with graffiti next to it. It’s an up and coming area with great shopping, food and many universities. Its the city. 

This is owner occupied situation so I don’t want to lower my standers too much but I also don’t want to have vacant for too long.

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