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3 years ago
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Why do we have to pay an admin fee everything you turn around? I see them as a total rip off?

When you ask what are these fees for, the leasing agents never have a real answer. I had one tell me that is what pays for her to do the paperwork? another says that it is what holds the apartment, if I pass the credit checks. I have been 9 times out of 10 it is non refundable. In my day, to hold an apartment, they called it a deposit. But now you have to pay this Admin fee, with the credit check fee that can go up to 250.00 before you even have a place to call home.. then you have a deposit and so on. I have told many places that I will pay the credit check fee now and when it all comes back, I will pay the rest. To say the least I am still looking. I cannot have good money go out to bad... I refuse to pay up to 250.00 for something and get nothing in return. That is a total scam. I wish I knew how to get these policies to change. That money could be put to better usage, like rent and other expenses. In these economy, many people don't have money to through away. Moving is expensive enough, with out all of this extra BS added on top of it.
Maybe someone out there can give me a real answer on why they are charging so much of a Application fee and why do they even have the Admin fees?
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1 year ago
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To Daniel, you're actually loosing out on some very good tenants who just happen to be quite frugal.

I wouldn't rent from them. If they really are in the rental business, they can run credit for $15 and do a full background check for $20.00. I've seen it so many times. We got so sick of it, we found out we qualified for purchase, so we're buying instead, just to spite the over charging property owners. It's a buyers market kids, not the other way around.

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2 years ago
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You already have the asnwer. Admininstration fees are just a nice way of saying "extra profit." Same goes with application fees. (OK, it does cost them roughly $20 to run a credit check on you, but beyond that . . .) This is no different than the "doc fee" that car dealers will hit you with. Apartment managers know that when running an advertisement, the price of the apartment is important to get you to come look. $595 a month just sounds better than $635. So, instead of buiding in the costs to the actual rent, they try hit price points that get tire kickers to come look at the apartment.

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1 year ago
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To Anonymous
Math ... the silent killer.

$15 for a background check and $20 for credit check is still $35, is it not?
A 'simple credit check' will not reveal crucial details such as; if a person has been evicted from a rental in the past. A $20 background check will only reveal criminal activity.
Then there is still the issue with regulations and rental laws. They are designed to protect the renter and thats a good thing, no problem. But if the person who signs the contract moves out and an adult staying with them remains in the house, they automatically have "rights" even though they aren't on a contract and have no obligation to pay the rent. So the app-per-person-everyone -signs-the-contract thing is must.

I'm not trying to hurt or take advantage of anyone. I'm not ripping them off or "making extra profit" (that's what this post was about). App fees don't go into my pocket.
I care about people. I don't want to get them into something they can't handle. I always go over a rental application very carefully before processing it. If I think there is reason an applicant won't pass, I talk with them first and make sure they want to proceed. I have refunded many application fees to folks when we mutually agreed would not qualify.

The one time I didn't follow good business practices we rented to a single mom with teenage daughter who was a teacher in the local school. My wife felt sorry for her because she had sad story and was "desperate to get into home for her child". (we were new at this and missed hearing the alarm ringing in the background)
So we skipped the credit process and the reference check (we did verify her employment) and let her move in. Unfortunately this person was very devious and dishonest. She had fair credit but a terrible rental history (we found this out after the fact). She was quite purposeful in her deceptions and knew how to work the system. We lost over $5,000 in rent, repairs (she destroyed the inside of our house) and legal fees ... not to mention going through a lot of drama before we were finally able to evict her.
Lesson learned.

Glad to hear you are getting your own place, congratulations! It IS the best move if you can do it.

Dan

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2 years ago
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RE Application Fees: Its not about "extra profit" for me. Its about not losing money.
A simple "credit check" is not sufficient in these times. In order to make sure I get reliable, credit worthy renters, I use a company called Rent Safe, LLC. I have to pay the between $35 and $50 PER APPLICATION to get accurate information and background checks. But it gets worse. Thanks to current regulations, in order to (hopefully) not get stuck with squatter who pays no rent, has no regard for the care of my property and is very difficult to evict, I have to get a separate application from each adult (18+) who will live in the house.
Do the math: If I get inquires from six couples , each with just 2 in the group, I would be out between $420 and $600 to "run the credit" as you put it.

It's my experience that, on average, out of the 6 inquiries 'maybe' one will actually be qualified.

When faced with possibly $70 in application fees people have a tendency to rethink whether or not they really want to apply. It saves us all a lot of work.
Dan Craik

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1 month ago
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Bull #@!& they are taking people money all the apartment and this need to be stop I hope God end all this #@!&, they charge you all that dawn money and they do not keep the rental up or looking good #@!& renting anything buy and leave all those rental lease #@!&$% alone they rent to drain you never rent live n a hotel with a monthly rate save a down payment and never rent I promise you they will do away with that #@!&

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