Who should we choose as renters ?

Question

We have two renters narrowed down but can’t decide who to pick.

One option is 3 young male roommates who more than qualify financially but look like party animals ?

One is a single mom who barely meets the financial requirements , but may take better care of the place?

Which would you pick ??

Amy W. · Answer

@Maurice J. Assign point values to ALL your criteria (income, length of employment, credit score, length and quality of rental history, etc) and score each tenant. Require a minimum score for tenancy and don't make exceptions ever. Good tenants are worth their weight in gold so if you must pass on both and wait for a 3rd, 4th, 5th, 6th, and 7th applicant that meets your criteria, do it.

Mike Cumbie · Answer

Male, Single, Mother, Children, Young

Are all terms that should not be part of your selection process.

Michael Foster · Answer

Keep looking...financially stable, non-party animal.

Jonathan W. · Answer

@Maurice J. Barley meet the financial requirements? In my opinion, financial requirements are to protect you but also not allow a person who can’t afford it to be there. You could be doing a disservice by qualifying someone who prob won’t be able to afford it if anything unexpected happens down the road.

Would you finance a car to a kid who can barley afford it and jeopardize his financial future?

Some would because the person making the choice is responsible. I think you should keep searching lol but I don’t know what looks like a party animal means.

Maurice J. · Answer

Thanks Anna. Yes we did it call references on both and ended up going with the younger group. They so far have been great and have done some updates to the unit.

Theresa Harris · Answer

Assuming you've met the family (ie seen what the kids are like), I'd go for the family.  They are more likely to stay longer.

Billy Smith · Answer

I pick based on who has done a back ground check first and passed .That means not the person who put the paper work in first but who passed the back ground first .

Jason Zimmer · Answer

I would much rather rent to a single mom for a few reasons: she will stay longer, treat the house better, and is probably struggling so I'd give her a chance. However, I recommend charging both of them an application fee and running a tenant screening using https://www.myrental.com. They offer a "tenant score" which compiles all of their information into an easy-to-understand ranking of their rentability.

Michael Weismann · Answer

It's hard to choose between them, maybe market your property again and find other tenants. But do you live with your tenants? If not, I'll recommend choose those 3 young males since they are more likely to pay you on time.

Jonathan W. · Answer

@Maurice J. What do you mean barley meets the financial needs? It can be a disservice to put someone in your place who can’t afford it. However if she has steady income, good rental history and a good credit score the second applicant seems just fine.

Also the first set, how do you know they are party animals? They could just be a grout of dudes. My brother rented a place with his friends the last year of college and they took great great care of the place. They also had very good times there.

These are very inadequate descriptions. What is your criteria?!!?

Who should we choose as renters ?

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