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Updated about 5 years ago on . Most recent reply

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Sami Gren
  • Rental Property Investor
  • new jersey
38
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418
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3 times the rent vs. Good credit score

Sami Gren
  • Rental Property Investor
  • new jersey
Posted

Hi, I am renting out a 2 bedroom apartment for $1,200 I had two people looking at it, one person was an older mother not working with her daughter working that makes three times the rent net, but she does not have now the full amount to move in including the security deposit and her credit score is in 500 due to medics bills and a few other stuff, versus the second person makes a little under two times the rent but she has a great credit score at 6 70 and she has the full amount to move in right now, what would you do?

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Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
3,110
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3,758
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Kenneth Garrett
  • Investor
  • Florida Panhandle/Illinois
Replied

@Sami Gren

Income under 2x the rent is a no for me.  Not having the funds to move in is a no.  I could live with a lower credit score, but if they don’t make enough the rest doesn’t matter.  I would say no to both.

  • Kenneth Garrett
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