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Updated almost 9 years ago, 02/15/2016

User Stats

30
Posts
7
Votes
Jordan Hamm
  • New Albany, OH
7
Votes |
30
Posts

Which tenant would you chose?

Jordan Hamm
  • New Albany, OH
Posted

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!