Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

706
Posts
171
Votes
Joshua D.
  • Rental Property Investor
  • Pittsburgh, PA
171
Votes |
706
Posts

should i rent to this possible tenant?

Joshua D.
  • Rental Property Investor
  • Pittsburgh, PA
Posted

So we have a prospective tenant we might rent to. She is friends with my family and they said they would def give us her approval and she passed Smartmoves background and credit check. The only thing im questioning is her job which she has only been at for 2 months and is selling her house now because she said her neighbors are nosy come to find out her neighbor is a ex. Should i rent to. She is willing to pay $1200 a month and $2500 deposit.  She also has a DUI on her record back in 2015 

  • Joshua D.
  • Most Popular Reply

    User Stats

    273
    Posts
    91
    Votes
    Jenifer Kynor
    • Fort Collins, CO
    91
    Votes |
    273
    Posts
    Jenifer Kynor
    • Fort Collins, CO
    Replied

    The best thing to do is have clear written qualifications set out. This will help and make sure you are staying consistent. Your criteria should cover employment, income, credit, criminal, and evictions. You just want to be careful so you'll never be accused of denying someone if you approved someone else in that same circumstance.  If it does help, when working as a loan specialist, all we needed was proof of income to approve a loan. It did not matter how long they were at their job. That may put you a little at ease for your prospective tenant only working at her job for two months. I don't think that should be too big of a concern.  

    Follow your gut and trust your instincts. This is a big investment, and you do not want to rent to someone you are not comfortable with. Just make sure you stay consistent! You don't want to take any chances just because they are a family friend. 


    Good luck and I hope this helps,

    Jenifer

    Loading replies...