When looking for a perfect candidate for your rental property, you’ll want to ensure that a prospective renter will pay rent on time and take care of the property during the tenancy. To narrow down the list of prospective tenants and focus on leads that are truly interested in occupying your rental, you should consider requiring an application fee as an indicator of serious intentions.

What is an application fee

With TenantCloud you can set up and receive an application fee that will cover all the costs associated with tenant screening. 

Sources:

Application Fee - I Do! 

The Do’s and Don’ts of Rental Application Fees

A Landlord’s Guide Rental Application Fees