Updated over 6 years ago on . Most recent reply
Dangers of renting to someone with poor credit?
I'm considering renting a spot to an applicant with very poor credit. To offset the risk of the tenant potentially not paying rent I am considering a deposit that is more than 2X their monthly rent and only offering a month to month lease. In my state the eviction process is pretty quick should I need to use it. What else would you consider in a situation like this?
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Why is their credit score low, are you able to see that?
Starting off month to month is a good idea, and also taking the higher deposit. I'm interested to see what other folks have to say.
How long does the eviction process take in your state? Is this UT you're talking about?