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Updated 12 months ago on . Most recent reply

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Matthew Wright
  • Investor
  • Windham, ME
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180
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Rental Application fee

Matthew Wright
  • Investor
  • Windham, ME
Posted

I’ve never charged for an application, I use 3rd party, such as apartments.com. I’d like to start charging for applications, and screening myself, any suggestions of best way to do that?

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,398
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Matthew Wright:

I’ve never charged for an application, I use 3rd party, such as apartments.com. I’d like to start charging for applications, and screening myself, any suggestions of best way to do that?

I charge $30 per person and my cost for the screening is $16. I know some people that pay $20 for the screening but they charge applicants $80. You can charge for the cost of the screening and your time, but try to keep it reasonable and justifiable.

I also recommend you develop a no-refund policy. Include a statement in your marketing and in the header of your application so everyone knows about it.

  • Nathan Gesner
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