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Updated over 15 years ago on . Most recent reply

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45
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3
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Gamal R.
  • Residential Real Estate Agent
  • Homestead, FL
3
Votes |
45
Posts

Tenant has poor credit

Gamal R.
  • Residential Real Estate Agent
  • Homestead, FL
Posted

I allowed a tenat with past bankruptcy to rent an apartment. Did not think much of since she had all the monies to move in. But now im worried should I.

For future can I ask for higher deposits for people with poor credit?

Most Popular Reply

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624
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559
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Peter Giardini
  • Rental Property Investor
  • Baltimore, MD
559
Votes |
624
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Peter Giardini
  • Rental Property Investor
  • Baltimore, MD
Replied

Following up on what Curt mentioned...

I believe it will get harder and harder to find tenants with great credit scores due to all of the foreclosures.

With that being said the things that I always looked for were... what were the causes of the bad credit and more importantly... how long ago were they. If they were more then a year old they had less relevance in the the decision.

The other item was utility judgements. If there were outstanding ultility judgements one has to ask... whose name will the utilities be in.

Good luck!

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