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 almost 7 years ago, 03/19/2018

User Stats

13
Posts
6
Votes
Martin T.
  • Investor
  • Durham, NC
6
Votes |
13
Posts

Renting to a relocating tenant sight unseen

Martin T.
  • Investor
  • Durham, NC
Posted

I'm looking for a little advice here.  I recently purchased my 2nd rental property, this one is in Durham, NC.  I've shown the property to about 8 people over the past 2 weeks, but the only couple interested in putting in an application is a couple moving from upstate NY.  They have not seen the property in person other than about 20 photos, and I did a video tour for them of the property and they want to move forward with renting it, and cannot make it down to see it in person before they're relocation.

Other than the sight unseen concern, his income is only 2.1x monthly rent, and she will be looking for a job.  They both claim to have good credit (need to check that, and I will), and have plenty of funds in savings to cover the entire lease if needed.

Would you still consider them, or would you require a hefty security deposit or rent pre-payment?  The issue I'm running into is that Durham is a rather affordable area, so most people with good income and good credit are looking to purchase, not rent.

Any advice would be so appreciated!

Loading replies...