Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 8 years ago on . Most recent reply

User Stats

79
Posts
14
Votes
Lallu Tappu
  • Rental Property Investor
  • Plano, TX
14
Votes |
79
Posts

Renting to a family with under 600 credit

Lallu Tappu
  • Rental Property Investor
  • Plano, TX
Posted

Hi, I bought my first rental property and I am very new to the landlording scene so I'm hoping someone can help me with a conundrum I'm in right now. Since I was a little late getting in the property, I missed the summer peak and there is not a lot of people looking for a rental property now that school has already started. A beautiful family of 2 adults and 3 kids recently liked my house and are willing to rent it out. They told me upfront that they had poor credit due to medical bills and the husband had a felony charge back in 2009. I ran their credit and the same came up, however, no evictions and good job history. They lived in an apartment complex before who did not give out any information when I called them and they are currently living with family and are looking for a bigger place of their own. It all looks good but I'm not sure if I am falling for a sob story. What are somethings I should look for or do to make sure they really are trying to rebuild their life and not showing me a rosy picture. They do claim they are making all the payments on time and trying to build their credit back up so they can buy a house some day.

Loading replies...