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Updated over 8 years ago,
Renting out to someone who is has deliquencies possible eviction
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.