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Updated about 10 years ago,
Rent Proration - First Rental!
So I have received applications from two tenants who meet all requirements. More than 3x income, no evictions, and clean records. I also called employers to check on their employment status. The only thing is they have a young son who was sliding around on the floors at the time that they were signing the applications. I will have "tenants responsible for all floors" in the lease.
Questions:
1. Are their any additional things that I can do to limit the risk for myself? I obviously cannot deny them because of their kid.
2. Also, how do I prorate the rent? I know to prorate on the second month, not on the initial rent collection. Lets say hypothetically the rent is $1000, and they move in on the 8th of January (which is a month with 31 days). What is the equation that I will use to calculate the amount that they pay?