Screening Criteria and Retirees
Hi,
I have a new property coming available, and a neighbor's retired parents are looking to move closer into the same neighborhood where my property is located. They filled out the application through apartments.com (used to be Cozy.co before it was acquired) where my screening criteria is posted and the application is hosted, and their annual income listed in the application is 1.25x rent. Credit, Criminal, and eviction seemed fine. They have almost 6 months worth of rent in savings, but their house they are selling looks like it is paid for, and estimated at $450-$500k value (redfin and the county appraisal). I haven't done much digging since this is normally a show stopper. What do other property managers consider, actually do, or add to their tenant screening criteria to cover retirees?