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Updated about 8 years ago on . Most recent reply

Tony Yi's profile image
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Tony Yi
  • from South Windsor, Connecticut
  • Member since Jul 8, 2016
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Tony Yi's profile image
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Tony Yi
  • from South Windsor, Connecticut
  • Member since Jul 8, 2016
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Tony Yi
  • South Windsor, CT
0
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General Landlording & Rental Properties

Sound I take a lower credit score, with larger deposit?

Tony Yi
  • South Windsor, CT
Posted
I have a potential tenant both are in mid 500 credit score, but they can pay 3 months deposit and 3 months advance. Should I accept this? Thanks Tony
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Walmsley Gedeon's profile image
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Walmsley Gedeon
  • from Brooklyn, New York
  • Member since Jan 19, 2016
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Walmsley Gedeon
  • from Brooklyn, New York
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Walmsley Gedeon
  • Brooklyn, NY
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Walmsley Gedeon
  • Brooklyn, NY
Replied

No! That is a red flag.. it might be the only 3months they have because of tax Season. What type of job do they have? Why is the score so low? Were they unemployed for a low period of time? Don't think of the upfront money. Think about it in a long term sense. Tony Yi

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