Red flags on qualifying tenant???

[Ian Salinas]

I am trying to find a tenant by myself vs going through a property management. I have a potential tenant who wants to use his mother's information to qualify but she will not live at the property. He provided information for his mother (i dont know if its really her) and it came back great. Prior to me running his information, He advised that he doesn't use credit cards or anything and his vehicle and 2 motorcycles are both paid with pink slip in hand to prove it.  When his credit and background came back through rentprep, it came back insufficient credit. I know insufficient credit is not uncommon for younger individuals however he is in his 40s. Does this seem like a bunch of red flags? I would like to get some advice and opinions.

[Moises R Cosme]

Ian, If I ran across something like this I would not lease the unit.  That being said, if you decide to proceed I recommend the following:  (1) get 5 references & call them, (2) get their work information - call and verify employment, (3) request 60 days of bank statements and pay stubs - the bank statements will give you a lot of information about their cash flow.  If this helps, I would appreciate a vote.  I underwrite my own tenants as well, so feel free to message me if you think I can answer more questions...