Every property management company has their own policy when it comes to “risky applicants.” Some deny any applicant who does not pass their financial screening. Others, particularly those who are closely managing vacancy rates, approve some of these applicants on a conditional basis.

If you’re the latter, you’re likely asking for a double deposit from these conditionally approved residents or a flat rate fee — say, $1,000 on top of their rental deposit.
But is that enough to hedge your risk — and ensure that you’re maximizing occupancy? Here are 3 other considerations to make when you conditionally accept residents.