Prospective tenants with low credit history

[Bhaskar Upadhyayula]

Hello All,

I would like your advise on renting a property to prospective tenants with low credit history. 

I'm trying to rent a SFH in Austin for prospective tenants with low credit history (600 and below). Their income is more than 3X monthly rent and looks a steady job. Their criminal and rental history is clean and looks good too. However, the credit report shows high balances and one tenant has few unpaid collection agency amount.

For me, this is first time renting this SFH. So, any advise from your experience will be very helpful.

Thanks.

[Dale Walker]

Run. People have bad credit because they don't pay their bills. Giving them another bill won't change their priority list. I recommend you pass. Look for ppl with good credit and a stable job. Tenants need something to lose to hold them to pay their bills. I have found my tenants who don't pay their rent have the money they just prefer not to pay because they think they don't have to.