Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago,

User Stats

71
Posts
29
Votes
Chris Bingham
  • Investor
  • Sandy, UT
29
Votes |
71
Posts

Which tenant application would you pick?

Chris Bingham
  • Investor
  • Sandy, UT
Posted

I'm in my mid 30s and I'm house hacking my way through this. Because I'm single, I've been buying houses, moving into one of the bedrooms and renting out the other rooms. I have 2 applicants interested in renting out the master bedroom: 

Option A:

49 Yr old, taking a job transfer to Utah, Income is 15x rent. Owns his own house in the state he is moving from. Excellent Credit. No criminal history. Planning to live there for at least 3 months, probably going to move somewhere else after he's settled into the area a little bit. I haven't met him yet. He won't be here until he moves to Utah.

Option B:

27 Yr old, Self Employed, Income is 5X rent. Bad credit due to some medical bills (Willing to put down 2x the my standard deposit). Misdemeanor Attempted Aggravated Assault 2 years ago.  Looking to live here for quite a while. He seems like a nice guy when I met him.

If Option A were going to stay a long time I think it would be a no brainer, pick A. But if he moves out in just a few months vs a tenant who's ready to stay a while I'm tempted to go the Option B route. What do you think?

Loading replies...