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How much should I charge for an application fee?

One of the biggest responsibilities a landlord has is to gather applications and screen tenants.

(And if you don’t require an application it’s time to start!)

Landlords everywhere are constantly running applications every time there is a vacancy.

And usually it takes multiple applications before a vacancy is filled.

It doesn’t take very long before the question arises:

How much should I charge for an application fee?

At face value it may seem obvious:

  • Higher application fees allow you to make money on screening
  • Low application fees entice more applicants

In this video we talk about what we do to determine the application fee, and share some useful tips that will help you set the application fee for your own market. Take a look:



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