
The Rental Realist
The Rental Realist
The Magic of the Refundable Application Fee
In this episode we dive into a topic that is likely an afterthought for most investors. Application money! I'm a huge proponent of refundable application fees for many reasons. The most impactful reason is I use this policy to leverage applicants into being 100% truthful on their applications and many times telling me much more than a standard credit report will reveal.
Tyson Hill is a rental property investor in multiple states and owns a successful property management company. He grew up around the rental property game and knew by the time he was 15 years old that he wanted to own rental property. 9 years later he acquired his first rental home and has continued to invest and build his portfolio ever since. Tyson is passionate about rental real estate and created this podcast to share his insights, opinions, and actionable tips to anyone who owns rental property.