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Updated about 1 year ago on . Most recent reply

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7
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6
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Bemnet Merha
  • Rental Property Investor
  • Seattle, WA
6
Votes |
7
Posts

Feedback on my tenant screening criteria in Washingtons state

Bemnet Merha
  • Rental Property Investor
  • Seattle, WA
Posted

I just got my first rental property and finished the rehab (yaay) and am about to list it. I was advised to have written tenant screening criteria. I compiled one as below and would love your feedback. Also as per WA state law landlords must list screening criteria. https://apps.leg.wa.gov/rcw/default.aspx?cite=59.18.257. Do you normally include detailed criteria (as below) or keep the listing criteria generic?  I ask because I don't see many listings online that don't include much detail...and wondering if I should.

  • All 18+ applicants must complete the application and pay the application fee.
  • Credit score of 700+, No bills in collection.
  • Steady employment or other acceptable source of regular income for 3+ years.
  • Gross monthly income at least 3.5 times the monthly rental rate.
  • Monthly payment Debt-to-gross-income ratio no higher than 40%.
  • Positive landlord references
  • No evictions
  • Cash available for security deposit and first month’s rent
  • No Pets allowed
  • Sublease and sharing, airbnb not allowed,
  • Reusable tenant screening not allowed
  • Evidence of responsible character … i.e. reference letters, follows instructions, no lying, shows up on time, no major criminal record.

Appreciate your feedback!

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