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Updated over 10 years ago on . Most recent reply

User Stats

18
Posts
2
Votes
Clint Cook
  • Real Estate Investor
  • American Fork, UT
2
Votes |
18
Posts

How to choose?

Clint Cook
  • Real Estate Investor
  • American Fork, UT
Posted
I have two applicants. I like both, have run background checks, and there are no red flags. Candidate 1: financially a little better off, and I believe will treat the house very well. Due to their family situation I'm pretty sure they will move out after 1 year. They have a bankruptcy from 2008, from a failed business. They are current on all bills. Candidate 2: Rent will be tight based on their income. Current landlord wants the house for a family member, so the candidate needs to find a new place. I believe they will take care of the house and stay long term-several years. Current landlord was very positive about renter, never had problems with rent. However my rent is 30% higher (my house is a definite step up from the home they are currently renting) So my options are short term ( only one year), but I'm sure for that year they will be great renters. Or, long term renter, but one who will have to be careful with their budget to pay rent. Who would you rent to?

Most Popular Reply

User Stats

1,057
Posts
594
Votes
Kimberly H.
  • Residential Real Estate Broker
  • Chicago Suburbs, IL
594
Votes |
1,057
Posts
Kimberly H.
  • Residential Real Estate Broker
  • Chicago Suburbs, IL
Replied

I would be reluctant to trust the current landlord of #2 really has a family member moving in the rental, could be a good excuse to get you to take his problem tenant off his hands. And you said it will be tight so I assume that means they don't have 2.5 or 3x the rent so I would go with #1.

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