Tenants w/ Felonies in the PAST

[Cassidy Burns]

Hi BP,

Happy Friday! 

Curious as to how landlords are handling tenants with criminal records in the past (5 years or longer).  

I just had a well "financially qualified" tenant apply for one of my SINGLE FAMILY houses.  They have 2 felonies on their record, one from 2015 (burglary) and 2001 (assault- they were 19) .  They are well qualified finically, decent credit, but have these 2 looming charges.  

When do you make the cutoff for the "exemption/ second chance" ? If you do give a second chance, would you ask for more of a deposit upfront (maybe non-refundable), or increase rent a little? 

Would love everyones thoughts.