Curious if companies have started to adjust their applicant qualifications.

Curious if companies have started to adjust their applicant qualifications. Realizing many companies have moved to a process eliminating income and landlord verifications, with the change in the market place is this a concern? Primarily as evictions are on hold are they out applying while owing a current community? Are you loosening the perimeters ?

Not on financials. Here there is an initiative to remove some of the criminal and credit requirements but you still need to be able to afford and pay the rent.

Renae Maisano thank you - what about resident verifications ? Any concerns someone can be going through an eviction and you not be aware since courts are on hold or are you not affected by that where you are?

Melissa Cannata Miller we can still get verifications. Plus if they have been filed on in the past it shows in our system so that would be a flag that would need to be addressed before approval.

Melissa Cannata Miller email. It seems every office is answering email.

Renae Maisano thank you for input !

3 of my 5 move outs between now and August have now decided not to move. Does create an issue when I already have someone to move in.

Not loosening any qualifications yet. It's kind of crazy the amount of leasing we are doing virtually.

We still do income and landlord verification

Nope, we have not loosened any criteria and still checking landlord rental verification.

We have not verified income or used landlord verifications for almost 2 years.we base off credit. 100% rent collection in April too.

Brenda really? You don’t base things off of income? Are you a big company? Does that actually work?

Angie Russell medium size company. We actually switched to this model because of all the fraudulent documents being presented. Our TX communities were drowning in bad debt. It honestly works. Now, we also have identity verification fir when someone uses an address that doesn’t match their credit report. I was nervous in the beginning, but all is well. I soon realized that people with good credit want to keep good credit.

Brenda Andrews Sherrill glad it’s working well once kinks work out

Melissa Cannata Miller why guest stranger. Yes, it’s working out great. Glad we made the switch.

Melissa Cannata Miller why, howdy stranger. Yes. It’s working out great. I’m glad we made the switch. I also agree about tightening up. I have had 4 credit declines apps in past 14 days. This is a new record for me.

Brenda, do you use a 3rd party screening provider or do you use one of the credit bureaus to determine credit eligibility? If you use one of the credit bureaus, are you willing to share what your minimum approval score is? Thank you!

Kelly Martelli we use Corelogic so we don’t even see their credit score.

We don't count on previous landlords telling the truth so we also check public court records.

Kim Kaye I’m personally curious what problems you’ve had in the past with landlords not being honest about.

Alicia Haskin They are quick to respond with only answering "rates and dates" per their management company.

It is always good to make sure you get a prior landlord as the current landlord may just say good to get rid of them

Kim Kaye dangerous. If they are moving from a place they trashed it might not be on their record yet.

Annie Hamblin I agree, but I cannot gauge a tenant whose prior landlords only answer questions with rates and dates. I will give the full on truth to any future landlord with a signed consent form and I refuse to answer them without signed consent.