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Updated almost 9 years ago on . Most recent reply

User Stats

61
Posts
26
Votes
Kenneth Sok
  • Investor
  • Houston, TX
26
Votes |
61
Posts

One perfect, one not so much. What would you do?

Kenneth Sok
  • Investor
  • Houston, TX
Posted

I have an applicant family for one of my rentals. I've been following the 4 criteria. 

- 3x rent < income

- Good references

- clean background

- No evictions

So far, the wife passes all criteria.  The husband though has one eviction in 2013. He passes all the other criteria though. I feel like this is a gray decision. According to his background check, it looks like he had some financial difficulty in 2013 and 2014.

What are your thoughts on if I should rent to them? And if so,  would you put any other contingencies or requirements? 

Fyi: rent = $1450

Neighborhood is a B- in Houston

Thanks in advance!

Most Popular Reply

User Stats

432
Posts
481
Votes
Jim Shepard
  • Investor
  • Edwardsville, IL
481
Votes |
432
Posts
Jim Shepard
  • Investor
  • Edwardsville, IL
Replied

I personally wouldn't rent to them. It sounds like he probably went thru a divorce and then got married again. If this marriage doesn't last, who is going to stay in your rental and make the payment? If your luck is like mine, it would be the guy with the eviction record.

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