1 week ago
When you first put together your minimum requirements for a tenant, it's important to have rules and stick to them. Fluctuating vacancy rates can make it tough to stick to your guidelines, but just a few false steps will make you remember why you put them in place to begin with. Before you sign an agreement with any tenant, you should have a fairly stringent application process. Decide on the application requirements, including the minimum credit score accepted, whether you'll do a background check, the maximum household number, income requirements, and more. Be sure to know ahead of time what's acceptable to you and what's not when you screen prospective tenants.