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application: Collecting Prospective Tenants' Application Fees - 06/25/08 10:33 AM
Hello Everyone,
I just got an idea on collecting larger amounts of application fees... and making it easier.
Several times prospective tenants ask if there is an app fee, and I often waive the charge, in hopes to get more appicants to choose from.  I have found that requiring a large fee upfront will sometimes cause an otherwise good tenant to not want to even show up.
When a tenant views a property, I tell them that there is a $20 application fee, to be collected when the lease is signed.  This way I still get a fee charged, and I … (0 comments)

 

Jeff Lund

Grand Rapids, MI

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Jeff Lund-Income Property Specialist- Bellabay Realty LLC

Address: P.O. box 726, Rockford, MI, 49341

Cell Phone: (616) 540-0044

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This blog is committed to buying and selling income properties, landlording, and creating wealth in real estate. real estate, properties, rentals, landlord, tenants, links and more! <p


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