Tenant Credit Screening Advice.....
Need some advice...Im renting a condo unit and have gotten lots of interest but seems like every time I run a credit screening Im seeing very low scores (with substantial old debt). Im starting to think Im being too harsh with rejections based on this. What are you all looking for when credit screening your tenants? (assume they make just enough to meet the income requirements...income 3x monthly rent).
I haven't encountered this in the past as much and don't want to turn away potentially good tenants but wondering if I need to shift my standards in this post pandemic life or stand tight and just wait for more qualified potential. (Just for sake of numbers - I've run 9 candidates and have turned down 9 for pretty much the same reason).