I don't want to tell you how to handle your business because every landlord has their own ideas about risk and security when it comes to the rent.
It's in your best interest to consider a little basic advice, distilled from many years of rental property management from your Trintals team of experts.
Rules of Thumb To Identify a High Quality Tenant
We strongly recommend applicants have a combined gross income of at least three (3) times the monthly rent. All sources of income should be verifiable.
If an applicant is self-employed; consider asking to review 2 years of tax returns or 1099s plus bank statements. Make certain that non-employed individuals can provide verifiable proof of income.
Credit history and or Civil Court Records must not contain slow pays, judgments, eviction filing, collections, liens or bankruptcy within the past 5 years.
Criminal records must contain no convictions for felonies for crimes within the past 5 years involving violence against persons, damage or destruction of property, manufacture or distribution of controlled substances and no sexual offense ever. In the event a record comes back "adjudication withheld", “nolle prosse”, or “adjudication deferred”, further documentation may be required.
Residential / Rental History
A minimum of two years residential rental history is strongly recommended.
Previous rental history reports from landlords should reflect timely payment, sufficient notice of intent to vacate, no complaints regarding noise, disturbances or illegal activities, no unpaid NSF checks, and no damage to unit or failure to leave the property clean and without damage at time of lease termination.