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hi there Im Andrew Schultz Community manager here at revprep Im also a licensed real estate broker in the state of New York with over 14 years of experience in the property management and rental property Industries on todays episode were going to be talking all about rental application fees what are they when should you charge them and how much should they be weve got a lot to look at today so lets go ahead and jump right in but first things first what is a rental application fee and should you be charging one well a rental application fee is a really really straightforward concept essentially its the fee that you charge someone when they apply to live in your apartment whether it be an apartment a home whatever the unit is the rental application fee is the fee that you charge to run their rental application and see if you want to rent to that person if youre not already charging an application fee you absolutely should be before we talk about what the fees actually cover you n