Accept tenant who owed previous landlord for paint?
Hi BP,
I'm in the process of renting out my second home. My PM called me today with an option for a tenant. They make well over the required amount of money, ex military, fair credit scores.
They have one glitch. They owed their previous landlord $1,300 for paint.
When my PM brought this up to them they immediately reached out to their prior landlord and paid them, then provided proof via a receipt that they had paid them in full.
I have the very experienced designated broker of the PM company saying that its an absolute dealbreaker and it automatically disqualifies them.
I am somewhat on the fence. Other than this incident they seem like great tenants.
My thought was to collect 1.5-2x time the normal security deposit to compensate for the risk.
Please share any opinions and insight. I'm very open to criticism and constructive feedback.
Thanks!