A good waiting list should provide a record of what?

A good waiting list should provide a record of withdrawals and rejections to ensure proper management and transparency in the application process. Keeping track of withdrawals helps the property management identify individuals who have chosen not to proceed with their applications, allowing them to update the list accordingly. This ensures that the waiting list reflects the most current status of applicants. Recording rejections offers insight into the reasons why applicants were not accepted, which can help the management adjust criteria or outreach efforts in the future.

Having this information fundamentally supports efficient turnover of units, accurate communication with potential renters, and a clear understanding of the demand for housing. It can also provide data that helps management evaluate and improve their application process over time. The other options, while relevant to multifamily housing management, do not address the crucial component of tracking applicant activity as effectively as maintaining records of withdrawals and rejections.