Talk me out of this tenant.
I live in a high rental area in miami. I have a very nice 3/1 newly renovated in a up and coming area. I have the house listed for 1600 a month. I have a intrested. Party that has not argued the rent but I just got her application back, she has a va disability payment of 2400 and makes 900 a month at work. Credit score is 650. I'm thinking she can't afford the rent, she wants to sign a two year lease. I'm still new at tennat screening so all input is appreciated and any advice on how to explain that I require a higher income /cost ratio.
Most Popular Reply
To me it matters more how much debt they are carrying around. I'd rather take a tenant that doesn't borrow much money at all with a lower income then someone who has a ton of debt and makes a higher salary. I find that hose who carry a lot of debt don't live within their means. Pull their credit report.