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Updated almost 9 years ago, 02/15/2016
Which tenant would you chose?
First time landlord here... would love your guys' input. I've got a couple decent candidates I'm considering, both with pros and cons...
1st OPTION:
Doctor + retired woman, both mid-60s, no kids, no pets
~ 9x monthly rent in income
2-year lease... potentially longer term
Great credit score
-- However --
Tax liens, bankruptcy, both have "messy" divorces in past couple years
Only been dating for about a year
DUI, expired plates, and another charge I'm looking into
--
2nd OPTION:
Young couple, Dad + stay-at-home mom, baby, small dog
Relocating from Texas
~ 4x monthly rent in income
1-year lease... almost guaranteed not longer than that
Already had higher house payment in Texas, so rent would be cheaper
Excellent credit score
Perfect background check
Perfect credit report
So the question is, do you go with the older couple without the pet who's already interested in signing a 2-year lease and could potentially stay longer? Or are the red flags too worrisome and you go with the young couple for a year knowing they're almost 100% just renting to get an idea where they want to live and eventually buy?
Thanks guys! I'm really interested to see what you guys think!