How to choose tenants?
I received 2 applications for my rental property. 1 of them meet the income requirements (about 5x the rent) but after doing a credit check I noticed that they have 2 accounts in collections (under $2k both) and in their credit report shows that they are only 68% on time in their payments. The second applicant monthly income doesn't meet the 3x the rent threshold (they are just $150 short from the threshold) but they have a good credit score, 100% on time with their payments and no accounts in collection. I'm a newbie and this is my first time putting the property for rent. Any advice would be appreciate it! Thanks!