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Waleep Alvi
  • Investor
  • Oakland, CA
89
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108
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New Tenant without Job?

Waleep Alvi
  • Investor
  • Oakland, CA
Posted

We've listed a property, and out of our first 3 inquiries, 2 are from people just moving to the area without a job when they get here. One pre-emptively offered 3 months' up-front rent in addition to security deposit, but I'm curious how the more seasoned landlords deal with this situation. How much is enough? Do you just pass on those inquiries/applications?

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Patricia Steiner
  • Real Estate Broker
  • Hyde Park Tampa, FL
3,948
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Patricia Steiner
  • Real Estate Broker
  • Hyde Park Tampa, FL
Replied

You can't take the risk...chances are the eviction moratorium will be extended and you could have a jobless tenant living for free for some time.  I would keep looking and screening - and encouraging those jobless folks to secure employment first.  

You're running a business. Take care of you and your business first.

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