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Updated almost 6 years ago on . Most recent reply

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Yash Ranadive
  • Rental Property Investor
  • San Francisco, CA
2
Votes |
19
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Class C Neighborhood - Should i rent to this tenant?

Yash Ranadive
  • Rental Property Investor
  • San Francisco, CA
Posted

I bought a SFR in Class C+ neighborhood in Mesquite. The unit's been sitting unrented for a month and a half. Just today my property manager sent me a prospective candidate.

This candidate had 17 lates since 2012 (She has been late 20% of the time), but her previous landlord said they would rent to her again. See attached. Does this fall under typical Class C neighborhood renters? (see attached)

Most Popular Reply

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718
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912
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John Chapman
  • Investor
  • Dallas, TX
912
Votes |
718
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John Chapman
  • Investor
  • Dallas, TX
Replied

There is something wrong here.  Your house should not be sitting vacant for a month and a half unless it's overpriced, in non-showable condition, or there's something else weird going on.  We are in a smoking hot rental market and fairly priced housing flies off the shelf, particularly at $1400/month.   

The recommendation from the former property manager is worthless.  They have no incentive to be honest and every incentive to lie.  

If it were me, I would stop, re-evaluate and figure out why I don't have a flood of applicants.  I would not take the first applicant that comes along.  In this market, and at that price point, you should be able to find more qualified applicants.

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