Topic: Qualification of Applicant Matrix?

Does anyone have a good point system application approval matrix they might be willing to share? We are adjusting our Onesite qualifications (over and over) and we are still finding that we are unable to pinpoint a good way to consider rental history strongly enough.

The problem, in a nutshell, is mostly experienced at our C+ properties. Using Beacon or Fico scores at this price point does not always indicate whether a person will pay rental payments in a timely fashion. Inversely, we have found that people who are in the 550-700 credit score range who live in these communities often pay credit debt in lieu of apartment rent. We would like to have some sort of objective measure in place, even in a manual system. Our hope is to find a system might favorably view to those who have longer, positive rental histories, have higher verifiable income, and/or have longer-term, stable employment.

Please help! Thanks, in advance!