Accepting a tenant with an eviction
I'm looking for my first tenants right now and had come to the conclusion that I wouldn't take ANYONE with an eviction, but I may break my own new rule.
I've also decided that I want long term tenants and I'm not going to be a slumlord. I've budgeted for repairs and have maintenance agreements.
Other than a CURRENT eviction, one prospective tenant appears to be rock solid so I'm wondering if people think the pluses outweigh the eviction.
Everything isn't verified yet but here's what I can see so far:
- Same residence and landlord since 2000
- Income is 120% of my requirement
- 2 FICOs (married) in 700s
- Tenant lost eviction mediation - court filings show tenant stayed through hurricane repairs and frequently did own minor repairs but withheld rent because range was broken for 4 months. Tenant was allowed to stay until end of this month.
I'd like to hear what other people think? Especially if anyone has any kind of experience with this type of a situation.
Thanks much!