Help me choose amongst 2 SFH tenants!

[Josh Smith]

Hi,

I have a SFH to rent out in California. It's above average condition in a good location. It's been on Zillow for a week. I have done 3 showings with a few more lined up. 2 parties have expressed interest and I want to request your help in choosing between the options:

• Party1: Willing to pay $4,000 p.m. Mid thirties couple earning very well (more than 8X rent) with a small pet. Excellent credit history. They own a house and relocating for work.

• Party2: Willing to pay $4,450. Couple in their sixties with 3 adult male children. No pets. Family immigrated to the US 1 month back. 3 children have found jobs at a nearly plant and the father will try to find a job. Combined income is 3X rent. All 5 members have no credit history as such but do have SSN’s. I asked them to pay 2 months deposit so I may get more surety, but they declined saying they cannot afford it. A local couple who’se combined income is 300K and who sponsored the family’s immigration to US is willing to be co-signers for the family of 5.

I am thinking that Party2 will put more miles on the house and may be harder to deal with in case of any complaints or eviction, though I am not an experienced landlord so I am not sure what are the factors to evaluate or what all can go wrong?

Any thoughts are very welcome!

Thanks.