Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 about 7 years ago on . Most recent reply

User Stats

55
Posts
8
Votes
Kenny M.
  • Yonkers, NY
8
Votes |
55
Posts

Tenant with a 520 credit score

Kenny M.
  • Yonkers, NY
Posted

One of our newer buildings is in a lower class area type of inner city, but usually good people.  We have a vacancy and an application came through where they recommended 2 months sec. deposit.  The young woman is a bartender and makes 2977 a month.  She has a student loan that was charged off by Sallie Mae and another one which has been late 6 times.  She also has a 1k cell bill in collections with Verizon as well as a 2k utility bill in collections.  The building isn't the easiest to rent, but all the units are in very good condition.  We reconditioned all of them after taking the 10 unit building over.  Oh, the current LL says she was a good tenant.

Rent/no rent?

Most Popular Reply

User Stats

13,926
Posts
12,725
Votes
Replied

This posted question was intended as a joke right. I'll play along.

The following is a real situation;

I had a couple apply both in their 50s, not married, woman living in motel, man living in tent trailer(both for at least 6 months to a year). She indicated she had a employer which I checked into and the employer had fired her a year before. They had lived together in a home she owned that the bank foreclosed on. Mans credit score was below 500, woman slightly above 500.

Never confirmed if they had any income. 

Should I have rented to them. 

Loading replies...