Tenant doing some work on a rental

[Mary Jay]

The tenant l am thinking of getting is in construction.  I do  need to change the flooring and I cannot afford that right now. It’s 3 k Sq feet house .  The quotes and getting is anywhere from 5 to 10,000 from other contractors ) 

 The future tenant offered for first month of rent and security deposit to buy and install the flooring ( vynil water proof)

What do you guys think about that? 

The problem that I have is that the guy and his wife are both in construction and own  their own company. I’ve never rented to people who are not W-2 ...  Plus, a tenant who are living in the house and who  at the same time  are working on the house, what kind of problems Could I encounter? Should I have them sign a release from putting a lien on the house ? 

Thank u!

[James Wise]

Originally posted by @Mary Jay:

The tenant l am thinking of getting is in construction.  I do  need to change the flooring and I cannot afford that right now. It’s 3 k Sq feet house .  The quotes and getting is anywhere from 5 to 10,000 from other contractors ) 

 The future tenant offered for first month of rent and security deposit to buy and install the flooring ( vynil water proof)

What do you guys think about that? 

The problem that I have is that the guy and his wife are both in construction and own  their own company. I’ve never rented to people who are not W-2 ...  Plus, a tenant who are living in the house and who  at the same time  are working on the house, what kind of problems Could I encounter? Should I have them sign a release from putting a lien on the house ? 

Thank u!

 NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO

Do not let the tenant do any work on your property. In fact do not even rent the property to this tenant. Deny them & immediately move on to a new tenant. This is a huge red flag that you've got a future problem tenant on your hands.