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Updated about 10 years ago on . Most recent reply

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26
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Carrie Westover
  • Layton, UT
2
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26
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Tenant bankruptcy impact on landlord

Carrie Westover
  • Layton, UT
Posted

Assuming a prospective tenant has shining references from previous landlord, over sufficient income for rent, but bad credit (following divorce, etc.) and possibly considering bankruptcy to begin rebuilding credit, what effect might this have on their ability to continue paying rent. 

I don't know what I don't know about bankruptcy. She said she doesn't have any monthly debt payments. 

What does your experience show?

Thanks in advance!

-Carrie Westover

Most Popular Reply

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13,452
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,349
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13,452
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied
Originally posted by @Carrie Westover:

Assuming a prospective tenant has shining references from previous landlord, ...

The landlord might be trying to get rid of a problem and be very motivated to LIE to solve his problem. You need to see the track record with landlords before the one where they currently live. 

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