What candidate would you prefer?

What candidate would you prefer?

Rental Property Investor · Northern California · Member since 2017 · 129 posts · 20 votes

I have 4 solid candidates, which is making it hard for me to select:

A: Doctor (ending residency in a year at a major hospital) and engineer (working for a big high-tech company), moving from 40 miles away to be closer to work. 750-800 credit, 4.1 income-to-rent ratio, 40lb Husky dog (not an ESA, but professionally trained). I talked to the current landlord (where they've resided for 4.5 years) and he said he didn't notice any damage at all (in the two inspections since they got the dog) and they are great communicating. 

B. Junior engineer (working for a big high-tech company) and mom (REI agent, self employed), moving from out of state because of the "back to the office" policy from the high-tech company. 750 credit, 4.3 income-to-rent ratio, 13lb Cavapoo dog. My property is 15 minutes walking to the engineer's work. They can't offer landlord references for the dog because they got the dog after they purchased the current property, but they promise he's very well behaved.

C. Police officer and part-time spouse with a 9-month-old baby. 780-800 credit, 5.2 income-to-rent ratio. 

D. Engineer and trainer (both working for the same big high-tech company as B, in another nearby location one of them and at home the other one), moving from out of state. 800 credit, 2.4 income-to-rent ratio, 2 adult cats. They provided a letter from a prior landlord who stated that even though they got the apartment furnished, the landlord didn't find a scratch even in the furniture.

(I will check landlord references for B, C, and D tomorrow.)

I have my thoughts of what I think would make me lean to each, but I don't see a major pull to any. Personally they were all very nice too. Do you have any thoughts?

Thank you!

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Bruce WoodruffPro Member
Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
4y

C. All day long. No pets and a solid conservative family guy who will be armed and not put up with any crap. C.

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  • Rental Property Investor · Boston, Massachusetts (MA) · Member since 2016 · 2k+ posts · 2k+ votes
    4y

    No bad options, hopefully candidate "A" submitted their application first.

  • Real Estate Agent · Cleveland OH · Member since 2015 · 216 posts · 275 votes
    4y

    Depends on the neighborhood, I actually rented to a police officer who worked in the district where I managed many rentals.   I was really convenient to have the personal cell phone number for policeman when you need assistance or answers to what is going on.  

  • Investor · Fort Lauderdale, FL · Member since 2020 · 1k+ posts · 755 votes
    4y

    Legally speaking, you're supposed to go with the qualified candidate who submitted the application first. That being said, a lot of times the reality is different. Based on the info you provided, all 4 seem to be very good....If you are going to choose, I would go with either A or C as it never hurts to be on friendly terms with a doctor or police officer. 

  • Investor · Akron, OH · Member since 2016 · 2k+ posts · 4k+ votes
    4y

    In Ohio we don't have any requirement to select a qualified candidate based on application submission date/time. If the unit I'm marketing isn't vacant, I market it until I get 10 or so qualified applications and then show it to everyone that filled out an application. For everyone interested in the unit after showings, I draw names out of a hat. That avoids bias and seems more fair than taking the first applicant who saw it on zillow and had time right then to fill out an application for an apartment that might not even be ready for a couple of weeks.

  • Rental Property Investor · Los Angeles, CA · Member since 2017 · 2k+ posts · 5k+ votes
    4y
    Quote from @Ray Hage:

    Legally speaking, you're supposed to go with the qualified candidate who submitted the application first. 

    There are extremely few places that require you select the first person who meets the minimum qualifications. While many people suggest you do this so that there is no potential discrimination issues, I think it is a lousy way to do business. My qualifications are the absolute minimum requirements to rent from me. The worst I will accept. It's a much better business decision to get multiple qualified candidates and select the one that is the least risk for you. 

    First Choice: C. Police officer with a child is going to concerned with the safety/security of the place. Any troubling people in the area will soon learn their is a police officer nearby. Best income ratio. Probably get a few years as a tenant before they move due to the growing child. Hopefully they move before the child does damage.

    Second Choice: A. I'd worry that he would leave after his residency is up. 

    Third Choice: B. Living with mom is probably fairly temporary. I'd prefer my tenants be long term.

    Applicant D is a decline due to income level only being 2.4 

  • Specialist · Easton, PA · Member since 2018 · 1k+ posts · 2k+ votes
    4y

    I’d choose the cop. Not sure what a part time spouse is, but they have no pets. That’s the winner for me! 

  • Rental Property Investor · Member since 2020 · 1k+ posts · 1k+ votes
    4y

    I'd also choose c assuming the spouse works part time and is not a part time side chick.  My area also doesn't allow dibs on first so I select the best qualified.  D would never have applied since I don't allow cats and income isn't 3x rent, they wasted their money.  A and B are also good but I'd put A as a close 2nd and depending on other factors could inch into 1st place depending on what they said their long term plans are.  I'm usually looking for long term renters so an adult living with their parents most likely wouldn't meet that, especially if the mom is in real estate.  

  • Rental Property Investor · Northern California · Member since 2017 · 129 posts · 20 votes
    4y

    I've been asking them questions throughout the day and see how they respond (other than checking their references). And yes, I also like long-term tenants.

    @Greg M.: Yeah, I worried about A for the same reason, and her response was not reassuring: "I have good prospects in being hired in <prestigious hospital> but haven't decided if that's what I want at this point." To their credit, she was an undergrad here and returned after medical school, so she seems to like the area, but... 

    C makes me think that it may take a few years to move out both because of the child and because I would think government salaries are more stable than high-tech where they may soon get a super raise and then look for a house to buy. 

    B: I wondered if it would not be a bad thing because one of them would then move out, leaving the other one there, say, if she gets a boyfriend, and then mom moves to another place.

    D: The thing is, they work for a high-tech giant, so even though my min is 2.5x, I am pretty sure that they will soon get a lot more money. What I did not like about them is the lack of landlord record, as the only landlord they've had (after mom and dad) was her uncle... but their work and personal references had only wonderful words about them.

    In the references I've been able to check for all of them (about 50% done), no red flags so far.

  • Rental Property Investor · Northern California · Member since 2017 · 129 posts · 20 votes
    4y

    @Greg M.: Another good point about A is that one will almost never be home (super busy resident) and the other works part-time at home and takes the dog to the office. So very little wear and tear...

  • Bruce WoodruffPro Member
    Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
    4y

    C. All day long. No pets and a solid conservative family guy who will be armed and not put up with any crap. C.

  • Member since 2022 · 3 posts · 3 votes
    4y

    I'd go C-Anyone else surprised that the cop has the best income ratio of all the occupations listed?

  • Bruce WoodruffPro Member
    Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
    4y
    Quote from @Jared McClellan:

    I'd go C-Anyone else surprised that the cop has the best income ratio of all the occupations listed?


     They should.

  • Rental Property Investor · Lehigh Valley, PA · Member since 2017 · 200 posts · 191 votes
    4y

    Drop the cop.  Try asking them to bid up the rent

  • Rental Property Investor · Northern California · Member since 2017 · 129 posts · 20 votes
    4y
  • Rental Property Investor · Saint Louis, MO · Member since 2012 · 115 posts · 42 votes
    4y

    @Maria G.

    C.

    A. Sounds good on paper but will

    Move out in a year and vacancy kills landlords.

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