Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Maria Crenshaw
3
Votes |
11
Posts

Am I scaring away potential tenants?

Maria Crenshaw
Posted

I have a condo listed for rent on all the major sites. I'm getting a fair bit of interest but every tenant who inquires disappears as soon as I share the following qualification standards with them. Am I scaring them away or is this just good filtering?

Qualification Standards

Applicants must meet minimum screening standards to be considered:

 Applicant must have current photo identification and a valid social security number.

 Applicant's monthly household income must exceed three times the rent. All income must be from a

verifiable source. Unverifiable income will not be considered.

 Applicants must receive positive references from all previous landlords for the previous 5 years.

 Applicant may not have any evictions or unpaid judgments from previous landlords.

 Applicant must exhibit a responsible financial life. Credit score must be a minimum of 600.

 A background check will be conducted on all applicants who are or will be 18 years old while living in the

home. Applicant’s background must exhibit a pattern of responsibility.

 Applicant must be a non-smoker.

 Occupancy is limited to 2 people per bedroom.

 Pets are not allowed.

Most Popular Reply

User Stats

8,432
Posts
4,405
Votes
Colleen F.
  • Investor
  • Narragansett, RI
4,405
Votes |
8,432
Posts
Colleen F.
  • Investor
  • Narragansett, RI
Replied

You have too many words in your requirements. I would make it a sentence or two

 I would also specifically get rid of these:  Applicant must exhibit a responsible financial life. Credit score must be a minimum of 600. A background check will be conducted on all applicants who are or will be 18 years old while living in the home. Applicant’s background must exhibit a pattern of responsibility. 

It is enough to say minimum credit score 600, background check required on occupants > 18 yrs old.  You can scrutinize the tenant but you should not sound like the great scrutinizer.  It gives an off putting first impression.   

Also a background check on someone turning 18 is useless. You can typically only get offences that occur after 18.

Is this all you send of do you say open house on x date or try to schedule a showing?

Loading replies...