I charge $100 per person for a very comprehensive application. For self employed applicants with income from multiple entities I charge an additional $50 per entity that they are submitting Yes this is steep and when I have five unrelated adults applying for a three or four br house,....and the key tenant makes 40 k towards 3500 or 4000 rent per month,....it's a challenge to try and meet the formulas. Before I even send out an application I have a no nonsense conversation about how deeply I check and what I'm looking for. .....both verifiable income,assets and negatives. Some of em lie anyway and submit with the fees and with a lot of blanks on the application. Some of em I never hear from.
The decent forthright applicants that I feel might clear and be ok,....ill try and work with and with many of them,...I've actually sent their money back, midway thru..... But you lie to me or omit line entries, or send me to your brother claiming he's your landlord,?..and all bets are off
It never ceases to amaze me how many of these wise guys will send out hundreds of dollars with a bogus application. Do they actually think we as LLs don't even look at the paperwork .....??