Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

2
Posts
1
Votes
Emily Hassler
1
Votes |
2
Posts

Potential tenant - divorce / money situation

Emily Hassler
Posted

We have a unit available for rent for $2,000.00. We were contacted by someone we are acquainted with (barely know) who got divorced last year and is required by the divorce stipulations apparently, to find and pay for a place for his ex-wife. He offered to pay three months' rent up front. I ran the credit/background/etc. for the tenant (the wife) and she has no income and less than great credit. 

Obviously this is a less than ideal situation as far as renting to her. I have a couple specific questions I'd like to get opinions on:

If we rent it to her, should it be HER name only listed on the lease as the one who is financially responsible? That way, she can get the money from him and pay us? Or should he also be listed on the lease agreement? Should I require six months or a year of payment up front? Or is this just a bad idea altogether? Technically with no income she obviously does not meet our qualification standards....not sure how to handle this one and we're not getting many bites on the place. 

Loading replies...