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Updated over 9 years ago,

User Stats

401
Posts
221
Votes
Albert Ng
  • Rental Property Investor
  • San Jose, CA
221
Votes |
401
Posts

Which tenant would you pick? - 2nd time

Albert Ng
  • Rental Property Investor
  • San Jose, CA
Posted

Which tenant would you pick?

#1. Grandfather, his brother, 2 young grand daughters, 4 great grand kids. Has section 8 VA voucher. Mostly on fixed incomes. Fallen on hard time & has 1 eviction record after their landlord raised rent, but that was before they have the section 8 voucher. One young daughter (the mother of 4 kids) might has some run in with the law. They have a VA social worker who will visit monthly to make sure they keep their end of the rental contract.

Plus: They live in their last rental for more than 15 years. If I let them in, they probably stay forever.

Minus: Eviction record 

#2. 2 couples with no kids. They have low end jobs, but their combined income is about 2.9x to 3.1x rent. They currently live in mid to low end apartment, and plan to rent the house together (same rent price as 2 small apartment, but they have much more room / space & better area). One of them used to own a house, and lost it in 2012 during the real estate bust.

Plus: 4 incomes

Minus: Short sale / foreclose record. They probably will stay for about 3, 4 years. Might split up before that. Asked for some concession. 

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