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Updated over 7 years ago,
Questions on prospects for tenants
Dear BPers
I have a condo that is on the market. The rent is $2000/month. I received three applications after the open house and now have a question on choosing the best tenant. Any help will be greatly appreciated.
Among the three applications, I like the single mom with a 3-year daughter most: she just got out of a relationship with her bf(I assume?). Her gross monthly income is just about three times of the rent. She also mentioned that she will have $1000 child support, which is great. However, I did hear some horror stories about single moms and babies as tenants. Mostly because since they are the only persons who bring the bread on the table in the family, if there is any changes in their jobs, etc., they have higher chance to be late on rent. However, my instinct kind of likes her, as she is soft spoken and sound polite and careful.
The other two prospects:
Two younger girls with two large dogs (Shepard mix) and the total gross income is about $5000/months
One MBA student who has his parent co-signed (with highly qualified income). But he is thinking about to rent for only 10 months.
So far, my rank is single mom > MBA student > two girls, but open for any inputs that I have not thought about.
Thank you
Lee