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Updated 8 months ago on . Most recent reply

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Melissa Faraias
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Should I rent to a tenant who is a convicted felon?

Melissa Faraias
Posted

Hello BP community,

I am relatively new to RE investing and my second rental is currently on the market. A couple in their late 50's want to rent the unit since their relatives live across the street. The woman mentioned that she was convicted for aggravated robbery 24 years ago and served 20 1/2 years in prison. She now has a stable job with the city and offered to pay double the security deposit if I would consider their application. The rental has been on the market for a week and I have mostly section 8 tenants interested (which I have decided not to consider at the present time). Would you consider the couple or wait for a few more weeks to see if the applicant pool picks up?  Their credit score is also slight less than the minimum credit score required to qualify so I can reject them based on those grounds. Thank you for your input. 

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JD Martin
Property Manager
Pro Member
  • Rock Star Extraordinaire
  • Northeast, TN
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JD Martin
Property Manager
Pro Member
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied

Everyone can do what they want but I don't rent to felons. I suppose if someone's felony was some kind of drug use thing 30 years ago and was a one time thing I might consider it. Aggravated robbery and 20+ years in prison almost certainly means a violent robbery. In my state (TN) it means either the use of violence against the person being robbed such that they suffer serious bodily injury, or the use of a deadly weapon during the course of the robbery in order to accomplish the robbery (i.e. putting a gun to someone's head). That's not the kind of felony I personally would look past. 

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Skyline Properties

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