Applicant with a bankruptcy - what to do?

[Natalie Landry]

Our minimum qualifications for our 4-bedroom rental home lists, among other things, "Applicant must exhibit a responsible financial life. Credit score must be a minimum of 600." Three adults submitted applications to live together in the house (husband, wife and parent of the wife...let's call her Jane.) Husband and wife meet all qualification standards. Jane meets 600 credit score but has a 2016 Chapter 7 bankruptcy and contributes to the income through Social Security. Husband makes bulk of the income but Jane's contribution is necessary to meet minimum qualification of monthly income that is 3X the rent.  Also, the wife's income is SS-Disability but this does not disqualify her. Do we move on to the next applicant? Thanks for any advice.

[Joel Owens]

You have to know your area. A certain renter pool in a certain state,county,city  might have average credit scores and income levels of XX.

So some posters commenting to have very high credit scores and no flaws on credit might not be normal for this area mentioned.

A lot depends on area. In some high crime or low income areas the scenario mentioned might be gold for an ideal tenant versus what else a landlord could run into.

Big difference in renter pool for 100k house and 500k house.