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Updated over 9 years ago on . Most recent reply

User Stats

22
Posts
3
Votes
Carl Gryska
  • Los Angeles, CA
3
Votes |
22
Posts

What Criteria should Tenant's meet in a C Class Area ?

Carl Gryska
  • Los Angeles, CA
Posted

I own 5 SFH in a C class area of Phoenix AZ. My first tenant in my first home is still with me going on 3 years but one of my other homes is going to have its 5th tenant in a little over 2 years. The difference of income on these two properties is of course significant. What is a realistic criteria for C class property? FICO score, back round check results, proof of income etc? My manager has also been renting my houses for $850-$895 and we are getting $600 for security deposit. Shouldn't security deposit be the same as one month rent ? Should I use someone that screens tenants for landlords? My vacancy's are always rented quickly but I am willing to pay more and wait longer to find a good tenant that will stay for a while and pay rent on time. Anyone with experience, please help!

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