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You are a property manager of a 2-bedroom apartment in the CBD. The property is in a high-rise building. it has two bathrooms and a

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You are a property manager of a 2-bedroom apartment in the CBD. The property is in a high-rise building. it has two bathrooms and a private parking space. The building is within 1 km to a train station, a bus stop, and a public primary school. You list the unit at a price of $500 per week. After advertising, you receive the following two applications: 0 Applicant 1: Ayoung couple with a newborn baby. One of them is working as a full-time researcher in a university 3 km away. She earns a before-tax income of $6,000 per month. The other is a freelancer earning on average $3,000 per month in the last 6 months. They offer to pay $480 per week. 0 Applicant 2: Three new international students of the same university. They are new renters in Australia. They are primarily supported by their parents. They are willing to pay the listed price of $500 per week. 't Please answer the following questions. (a) Analyse the pros and cons of renting to the two applicants. (6 marks) (b) Explain the process of tenant screening generally. (4 marks)

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