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Updated over 8 years ago,

User Stats

58
Posts
16
Votes
Senthil N.
  • Investor
  • Austin, TX
16
Votes |
58
Posts

Renting out to someone who is has deliquencies possible eviction

Senthil N.
  • Investor
  • Austin, TX
Posted

Yet to run the rental history, but the prospective tenant has acknowledged in my pre-screen check list that he (and his wife) have fallen behind on a rent previously.  He says, they did end up paying up the balance. Not sure yet if they were ever evicted.  I will be asking if there were evicted, but wanted to get some input from BP first.

The easy answer is to move on.  I would if I had another great set of tenants to take the place.  I have a few options but everyone seems to have some issue of the other such as poor credit score, etc.  So if I even considered letting out to this tenant, what should I ask for and what other criteria (assuming I am already ok with the delinquencies and evictions) should I look for?  I am not trying to do them a favor, but I also understand that anyone can endure a hardship.  What else should I look for to approve them?  For example, is there a suggested rent percentage increase?  Is there a suggested number of months of upfront rent/deposit payments?  Is there a new minimum gross income calculation?  Etc.

Any help is appreciated.

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