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Landlords were previously kept to a 0.4% limit on rent hikes. Now, that protection has expired. A cap on rent increases Montgomery County put in place during the pandemic expired on Sunday.
8 Helpful Rental Application Tips Preparation is key. ... Submit a great cover letter. ... Provide proof you can afford to pay. ... Furnish solid references. ... Obtain a financial guarantor. ... Be honest in your rental application. ... Review your social media. ... Create a good first impression.
To deny a tenant application, you need to let the prospective tenant know that you will not be selecting their application by sending them an adverse action letter. This letter informs the tenant why they are being denied, and if there is any way that their application can be reconsidered.
Most often, there are two reasons why an application would be rejected. One is a lack of information (references, personal information) and a little to no rental history.
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