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Updated over 8 years ago on . Most recent reply

User Stats

27
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4
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Ryan Cheung
  • Fort Lee, NJ
4
Votes |
27
Posts

Should I accept this tenant?

Ryan Cheung
  • Fort Lee, NJ
Posted

Hello,

I am currently in the process of finding a tenant for my home. We have had one month vacancy while searching for a new tenant, so I am looking to fill the home as soon as possible. A tenant who is interested in the property is offering $200 below my asking price, and his credit is not that great. However, his brother, who will NOT be living in the home, will be a cosigner on the lease, and his credit is good. Although they are offering a lower price than I asked for, should I wait to find a tenant and have another month of vacancy, or should I rent to this tenant who seems somewhat risky for a lower price? Any input would be of great help. Thanks!

  • Ryan Cheung
  • Most Popular Reply

    User Stats

    2,733
    Posts
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    Nicole A.
    • Rental Property Investor
    • Baltimore County Maryland and Tampa Florida
    2,484
    Votes |
    2,733
    Posts
    Nicole A.
    • Rental Property Investor
    • Baltimore County Maryland and Tampa Florida
    ModeratorReplied

    You would run the actual tenant through SmartMove. I would not rent to this tenant. Vacancy is better than a bad and nonpaying tenant.

  • Nicole A.
  • Loading replies...