New landlord, first tenant advice
Hello fellow Bigger Pocket members.
I've been lurking on this fantastic site but have not really participated up until now. I'm currently in the process of renting out my first SFR. It was my primary residence until I moved to a new house. I'm using a property management company to manage the property.
There is someone currently interested in renting. The person is a single dad, has two boys, 11 and 17, two rat terrier dogs, nonsmoker. Owned his previous residence since 2005. Had a bankruptcy in 2014. Currently makes ~4x monthly rent.
For those of you more experienced as landlords I was wondering what your gut reaction would be to this applicant. I have this fear of getting a bad tenant, but also fear waiting around for another applicant to come through. Paying two mortgages is getting old.
Thanks for any advice given.
Jason