Anybody Specialize in Bad Credit Score Tenants?
Is there anybody here who allows tenants with bad credit, but charges extra rent/deposit? The standard advice is simply to not rent to tenants with bad credit. But can you make extra money by taking on the extra risk, just like banks do when charging a higher interest rate on a loan? It seems like there are some tenants out there that have bad credit because of a foreclosure or a bad business deal etc. but that otherwise could be good tenants. These people are going to have a hard time getting approved for a rental, and might be willing to pay an extra 10 or 15% rent, plus extra security deposit. Is this a niche that anybody has tried?