Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 over 10 years ago on . Most recent reply

User Stats

165
Posts
41
Votes
Brad T.
  • Investor
  • White Lake, MI
41
Votes |
165
Posts

Potential Tenant - Current Landlord States Late Payments

Brad T.
  • Investor
  • White Lake, MI
Posted

Hello Again Everyone,

  I am processing a rental application right now and I would like everyone's opinion.  The background check came back clean with no criminal history.  Good start.  No evictions on record either.  Good again.  I called the previous landlord and they said that the tenant keeps the house in good shape, but is late 1 to 2 months rent fairly frequently.  This was the landlord's only rental and it doesn't sound like they were very good at pushing the tenant to pay.  What would you do?  Some options I have thought of are below.

1. Don't rent to this tenant

2. Get an extra security deposit (1.5 months instead of 1, this is the most that is allowed in Michigan)

3.  Make them get automatic payments from their bank account

4.  Maybe both of 2 and 3?

Most Popular Reply

User Stats

2,195
Posts
1,027
Votes
Aly W.
  • Investor
  • Middletown, NJ
1,027
Votes |
2,195
Posts
Aly W.
  • Investor
  • Middletown, NJ
Replied

If they are behind in rent 1 - 2 months on a regular basis, did the landlord (or tenant) say why? If it's because the tenant can't afford the rent or can't manage their money, you will have the same experience. 

Automatic payments debited from their account won't matter if there's no money in there to debit.

An extra half month's rent won't be much use if they're 1 - 2 months behind and you have to start an eviction. They will certainly not pay another dime once that starts. 

Are there no other potentially qualified applicants? So far option #1 sounds best.

  • Aly W.
  • Loading replies...