RE: Why Rent Out A Place If You Can Make More Money Leaving It Vacant

Application fees are clearly a scam, but your math doesn't add up at all. Even after you double the number of applicants per apartment to 32 from 16 you get less than $2k/mth in (gross) application fees, which at least they have to pay someone to take and deny, even if they never run any credit checks at all. That ~$40k/yr isn't coming from application fees.

Thanks!