There are 3 main areas for qualifying the applicants for your rental property.

Today's Pro talk is about applicant's qualification process.

Fair Housing Laws

As a landlord, you should be familiar & practice Fair Housing Laws. You can not discriminate against protected classes. You should also deliver to the applicant the Qualification Criteria form before they apply.

Back ground check including criminal, rental, eviction, and credit

Second, You must run a back ground check including criminal, rental, eviction, and credit. Using the right tools are essential in this process & you must rely on a very comprehensive system that covers a nationwide data base.

Income and Employment Status

Third. A through examination of income& employment will determine the persons ability to make the monthly payment. Make sure the employment is contiguous & not a temporary job and the W-2s & pay stubs are verified as well.