rental criteria checklist, rental criteria

Why You Should Use A Rental Criteria Checklist

Landlords can speed up the approval process, guarantee fairness and objectivity in tenant screening, and defend themselves from potential discrimination claims by using a leasing criteria checklist. Landlords can avoid wasting time on applicants who won’t meet minimal requirements by defining the requirements for applicants up front and communicating them … Read More

co-signer, apartment co-signer, co-signer for rental property

Understanding the Role of a Co-Signer in Renting: Responsibilities, Benefits, and Requirements

Are you considering renting a property but have concerns about meeting the landlord’s requirements for income, credit score, or rental history? One solution could be to find a co-signer. A co-signer is an individual who agrees to sign a lease agreement with the primary tenant and accept equal legal responsibility … Read More

Eviction Records, renting with eviction records

Renting to Tenants with an Eviction Record

Renting a property can be a daunting task, especially when faced with the challenge of evaluating a tenant’s rental history, including any prior evictions. An eviction record can be a significant red flag for landlords and may raise concerns about the tenant’s ability to fulfill their obligations as a renter. … Read More

residence history, tenant screening

Residence History

A tenant’s residence history refers to a record of where the tenant has lived in the past, typically including information about previous rental properties and landlords. This information can include the addresses of previous residences, the length of time the tenant lived at each location, and the reason for leaving. … Read More

tenant screening questions, tenant rental application questions,

Essential Tenant Screening Questions

When renting out a property, it’s crucial for landlords and property managers to screen prospective tenants to ensure they are a good fit for the property and can meet their financial and maintenance obligations. To do this effectively, landlords should have a set of standard questions to ask on tenant … Read More

Rent-to-income Ratio, how to calculate rent to income, debt to income,

Rent-to-Income Ratio: What Landlords Should Know

To assess a tenant’s affordability, investors and landlords determine the rent-to-income ratio by calculating the monthly rent as a percentage of the applicant’s income. The industry standard is a maximum of 30% of gross income going towards rent. According to HUD, tenants who exceed this 30% threshold are considered to … Read More

proof of income, income verifying documentation

Proof of Income: Verifying Documents

Proof of income is documentation that verifies a person’s current and ongoing source of income. It is important for landlords to request proof of income from potential tenants because it is a reliable indicator of the tenant’s ability to afford monthly rental payments. Landlords want to make sure that the … Read More