Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

1,301
Posts
236
Votes
Mary Jay
  • Glendale, AZ
236
Votes |
1,301
Posts

Need an advice ab a prospective tenant

Mary Jay
  • Glendale, AZ
Posted

hi guys,

I showed my rental house  in an upscale neighborhood, and this lady comes (looks +behaves good, fits  the neighborhood), she comes with a realtor, who I communicated with in the past ab her...  She wants a 1 year lease and willing to prepay cash for one year. Comes with her daughter, apparently her daughter graduated with my son (I used to live in that house and my son did confirm her daughter went to the same High School, even though my son personally does not know her daughter but he has seen the daughter and her friends in school)

She has a credit freeze on her profile so my background check company cant finish the credit and the background check until the identity theft flag is removed from the tenants profile with Experian.

The prospective tenant says she tried to remove it but cant.  

She showed me a screen shot from Aura showing her credit is 673.. Ive never heard of Aura, is it a trustable resource?

I would love to rent to this tenant, especially because she will prepay for one year ahead, but worried that I cant do the background nor credit check. At the same time, her daughter went into the same school as my son and its not like its a completely unknown person.

What would you do? Would you take her?

P.S. she got an inheritance and can afford to buy but waiting for the market to drop more in price

Most Popular Reply

User Stats

489
Posts
436
Votes
Bryce Jamison
  • Rental Property Investor
  • Mebane, NC
436
Votes |
489
Posts
Bryce Jamison
  • Rental Property Investor
  • Mebane, NC
Replied

I would definitely want a background check on any adult moving in to ensure there are no serious charges on their records (looks can be deceiving!), but if someone will pre-pay a full year's rent, give me a a deposit, and get renter's insurance with me as an additionally insured I'm not concerned with credit score and income.

Towards the end of the lease I'd have them reapply. If they want to pre-pay another year I'd extend the lease, but if not I'd want to see their current income and credit score.
 

  • Bryce Jamison
  • Loading replies...