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 15 years ago on . Most recent reply

User Stats

45
Posts
3
Votes
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

User Stats

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

Loading replies...