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Updated over 7 years ago on . Most recent reply

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8
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Daryl Biberston
  • Appraiser
  • Apple Valley, CA
3
Votes |
8
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Do you EVER rent to folks with an eviction? If so why?

Daryl Biberston
  • Appraiser
  • Apple Valley, CA
Posted

Hello BP members.  I have a few rental properties.  Once every six months or so one becomes available.  I re-list on the multiple listing service in my local area and I get dozens and dozens of applicants.  My hard and fast rule is I don't rent to people who have been evicted.  I have plenty of good candidates to choose from and always pick the one who is most qualified.  I have been doing it for years and follow my system to a fault.  I am just wondering if I'm being irrational and following some confirmation bias.

Jared

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2,269
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1,135
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Peter Mckernan
#3 Rehabbing & House Flipping Contributor
  • Residential Real Estate Agent
  • Irvine, CA
1,135
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2,269
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Peter Mckernan
#3 Rehabbing & House Flipping Contributor
  • Residential Real Estate Agent
  • Irvine, CA
Replied

@Daryl Biberston Stay away from an eviction, there are so many renters out there in the market place that you can rent to without lowering your standards. 

To combat people looking to rent the place with evictions on their record you can do one of two things: raise the market rent a little more than the surrounding units/houses, or you can increase the security deposit. These would work really great since people in the predicament of an eviction have the issue of less money to put down, and/or less money to pay for rent.    

  • Peter Mckernan
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The McKernan Group
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