Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 7 years ago, 05/15/2017

User Stats

16
Posts
3
Votes
Colton W.
  • Investor
  • Bowling Green, KY
3
Votes |
16
Posts

Approving a Tenant with a Bankruptcy because of Divorce

Colton W.
  • Investor
  • Bowling Green, KY
Posted

Hello, I have an applicant that recently filed for bankruptcy due to a divorce. Is it wise to rent to a tenant like this? They are a former police officer and a manager for a local Security Firm, so that seems comforting. 

Typically I require a double security deposit for people with low credit and I never approve anyone with a bankruptcy in the past 10 years. Recently I heard about a program called LeaseLock and I was thinking of testing it. Any advice on 1. Approving the tenant above, and 2. Using LeaseLock as a condition to approve the tenant?

Loading replies...