New Investor Needs Help! Bankruptcy in Potential Tenant Past
Hello! We have a potential tenant that wants to rent our newly renovated house but has a closed chapter 7 Bankruptcy from 2011. Her smart move score was around 750 currently and she is moving here for a new job with an income of at least 9x the monthly rent. She has already paid for and completed the mysmartmove checks and we are waiting on her to email the paper application. Would you rent to her assuming everything else checks out?
Most Popular Reply
We all know what happened to the economy in 2008 / 2009. Many, many fortunes were lost as were many jobs, many homes and many folks' life savings (that's me).
Given her current stat.'s, look at her current credit report if you can. If there's no lates or other negatives since she got the previous job, it's safe to say she weathered the storm and came out alive.
Others will likely disagree with me, but to me, that should be rewarded, not held over her head.
My $0.02...
David J Dachtera