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 about 7 years ago on . Most recent reply

User Stats

104
Posts
19
Votes
Vincent Plant
  • West Chester , PA
19
Votes |
104
Posts

Tenant Screening - Need advice!

Vincent Plant
  • West Chester , PA
Posted

I am in the process of leasing my first rental property. Its a low income property so of course there are a lot of people applying with "less than satisfying" applications and understand that as a land lord for this type of property I will have to overlook some things.  I have received several applications as of yet but I do like one. The credit is bad and there is a prior eviction but I have talked with her and she was very upfront with everything  and explained pretty thoroughly and it seems their situation is better now. 

My ultimate goal is to maybe market the property for another week to see if I can get something better, and if nothing comes through then see if I can work it out with this family. 

How would you suggest prolonging that situation? They paid $60 ($30 each) and applied and are expecting a decision asap. I want to wait it out and use them as a plan B if nothing else comes along in the next few days. What would be the best way to handle this without getting into deep water? 

Most Popular Reply

User Stats

3,714
Posts
1,506
Votes
Rachel H.#2 Mobile Home Park Investing Contributor
  • San Antonio, TX
1,506
Votes |
3,714
Posts
Rachel H.#2 Mobile Home Park Investing Contributor
  • San Antonio, TX
Replied

@Vincent Plant Keep marketing the property until you find an applicant you feel comfortable with and meets your criteria. Have rushed filling properties in the past and it's come back to haunt me. In the end, it's better to have a vacant unit than one with a bad tenant. Good luck! 

Loading replies...