Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
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

User Stats

712
Posts
173
Votes
Joshua D.
  • Rental Property Investor
  • Pittsburgh, PA
173
Votes |
712
Posts

should i rent to this possible tenant?

Joshua D.
  • Rental Property Investor
  • Pittsburgh, PA
Posted

So we have a prospective tenant we might rent to. She is friends with my family and they said they would def give us her approval and she passed Smartmoves background and credit check. The only thing im questioning is her job which she has only been at for 2 months and is selling her house now because she said her neighbors are nosy come to find out her neighbor is a ex. Should i rent to. She is willing to pay $1200 a month and $2500 deposit.  She also has a DUI on her record back in 2015 

  • Joshua D.
  • Most Popular Reply

    User Stats

    273
    Posts
    91
    Votes
    Jenifer Kynor
    • Fort Collins, CO
    91
    Votes |
    273
    Posts
    Jenifer Kynor
    • Fort Collins, CO
    Replied

    The best thing to do is have clear written qualifications set out. This will help and make sure you are staying consistent. Your criteria should cover employment, income, credit, criminal, and evictions. You just want to be careful so you'll never be accused of denying someone if you approved someone else in that same circumstance.  If it does help, when working as a loan specialist, all we needed was proof of income to approve a loan. It did not matter how long they were at their job. That may put you a little at ease for your prospective tenant only working at her job for two months. I don't think that should be too big of a concern.  

    Follow your gut and trust your instincts. This is a big investment, and you do not want to rent to someone you are not comfortable with. Just make sure you stay consistent! You don't want to take any chances just because they are a family friend. 


    Good luck and I hope this helps,

    Jenifer

    Loading replies...