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Updated about 10 years ago, 09/30/2014

User Stats

71
Posts
9
Votes
Kenneth Davis
  • Real Estate Investor
  • Glen Saint Mary, FL
9
Votes |
71
Posts

Renting to an individual who Filed Chapter 7 Bankruptcy and foreclosing on home

Kenneth Davis
  • Real Estate Investor
  • Glen Saint Mary, FL
Posted

Would it be much of a risk to rent on a month to month to an individual who filed  chapter 7 Bankruptcy back in 2012 and is forceclosing on his home this year? I have only had 2 applications turned into me, in a  2 month period, a now reduced rental that is only $575.00 per month. He has a good paying job and makes over 3Xs the rent, though if appearances mattered he is something of a country boy that loves his guns the confederate flag and camoflouge wardrobe from head to toe. The appearance issue was only a concern due to the neighboring tenant who has stayed with me now for nearly 4 years now which I dont care to disturb with a new renter who is far different in lifestyle. I have protective clauses that shield my tenants from harrassment from other tenants; so hope this aides my concern on that.  I recieve several inquiries weekly but from perhaps every other living creature of a renter than decent law abiding ones and 2014 will be memorable for me.

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