Two cousins, one with a small child, applied for my rental.

Two cousins, one with a small child, applied for my rental.

Real Estate Investor and Lender · Katy, TX · Member since 2017 · 32 posts · 3 votes

Both cousins are female in their mid 30s. Together they have enough income for the rental. What verifications/due diligence shall I do? Thanks.

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Investor · Columbus, OH · Member since 2015 · 625 posts · 601 votes
8y
If they are your cousins don't do it, if they are 2 random people that are applying for your rental that just happen to be cousins qualify them like you normally would anyone else.
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  • Investor · Columbus, OH · Member since 2015 · 625 posts · 601 votes
    8y
    If they are your cousins don't do it, if they are 2 random people that are applying for your rental that just happen to be cousins qualify them like you normally would anyone else.
  • Specialist · Fort Collins, CO · Member since 2018 · 557 posts · 191 votes
    8y

    I would make sure you have a rental criteria set in place. If you have certain income and credit requirements and they don't fit within them, don't accept them as tenants. Make sure you've screened them thoroughly (i.e. credit, criminal and eviction screening report) and if anything concerning appears on the report don't ignore it! If you need any software recommendation, please feel free to reach out directly through PM.

  • Investor · Hyattsville, MD · Member since 2012 · 822 posts · 441 votes
    8y
  • Member since 2016 · 13k+ posts · 12k+ votes
    8y

    I would not waste my time screening them. Too high risk as tenants.

  • Real Estate Investor and Lender · Katy, TX · Member since 2017 · 32 posts · 3 votes
    8y

    Thank you all for your input.

  • Contractor · Oxford, MA · Member since 2018 · 807 posts · 745 votes
    8y

    How did you proceed with the applicants?

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