Accept This Applicant?
I am a new landlord on some out of state houses, thus I hired a management company. Today, the mgmt company asked me to approve a potential tenant for one of my homes. Single lady with two teenage kids. She has a credit score of 546, income of $1.1k a month from her job (which she has been at for two months) and $300/month from Army Reserve pension. She will have a section 8 voucher that will pay for 60% of rent so her portion of the rent will be 25% of her gross combined income. The rent/income aspect is okay but the low credit score along with 8 collections and an eviction in 2005 leads me to wonder if I should be upset with my management company for showing me such a tenant. I asked the mgmt company to get me more information on this potential tenant but should I be upset that they sent over a pretty sketchy applicant?