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Evan Williams
  • Rental Property Investor
  • Denver, CO
6
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Potential Tenant with Large Inheritance, but no Income

Evan Williams
  • Rental Property Investor
  • Denver, CO
Posted

I have an applicant for one of my properties who has no income, but a large amount of money in their name from an inheritance.

Everything else being equal, would you consider renting to someone in this situation? If so, what additional documentation would you ask for, and what additional precautions would you take?

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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
Replied

Without a cash income, just how do they expect to pay rent?  IMO and practice, I pass on these 'opportunities'.

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