There are several factors that can impact an applicant’s Renter Score, and scores can change daily.
Income: The renter’s stated income, including all income form family members living in the household.
Voucher Eligibility and Status: Voucher Eligibility has a significant impact on the overall renter score. Voucher Eligibility determines the likelihood of a section 8 renter being able to qualify for your requested rent based on numerous factors including: The local Housing Agency’s payment standards, the cost of utilities, family size, household income, and more.
Motivation Level: An applicant’s motivation level is an indication of their willingness to rent your property at a current point in time. Motivation levels are an excellent way to understand if an applicant is still interested in your rental property or if they have moved on. Motivation levels are updated daily and are the most common reason a Renter Score can change.
Property fit: Property fit considers the applicant’s preferred housing size and type, derived from their search behavior, and compares it to your rental property. Property fit is an important factor when an applicant has a section 8 voucher since significant deviations in bedroom size from voucher size are typically prohibited.