Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 on . Most recent reply

User Stats

32
Posts
2
Votes
Muks M.
  • Collegeville, PA
2
Votes |
32
Posts

Renting to someone new to US with no credit history

Muks M.
  • Collegeville, PA
Posted

What would you be careful of before renting to someone new to US with good salary (6 time rent) but no credit history in US ? Proof of salary from employer offer letter only. 

Good bank balance proof (25 times the rent). No background check option available as recently arrived from out of states. Agent claiming that background check was done as a part of VISA.

Just wanted to have people's opinion so that I dont miss anything obvious.!!

Most Popular Reply

User Stats

542
Posts
304
Votes
Todd Plambeck
  • Agent/Investor
  • Murphy, TX
304
Votes |
542
Posts
Todd Plambeck
  • Agent/Investor
  • Murphy, TX
Replied

I'd ask for first, last, double deposit.  I'd return 1/2 of the deposit after 6 months on a 1 year lease.  Of course, in Texas I can evict someone in 21 days so I have lot's of insurance if things go bad.

Loading replies...