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,

User Stats

1
Posts
0
Votes
Vanessa Hornung
  • Ankeny, IA
0
Votes |
1
Posts

Do I pass up the first qualifying tenant?

Vanessa Hornung
  • Ankeny, IA
Posted

Hi! My husband and I just posted our house for rent three evenings ago. We will be first-time landlords, so naturally, we're already feeling like we're in over our heads. I created my online listing, and with the fact that my husband was going to be out of town shortly after listing it, included a time for an open house, in a week and a half.  We received an overwhelming response almost immediately. We squeezed in a few private viewings before he had to leave town. The very first viewing was a hit- family of 3, more than sufficient salary, has been in their current rental apartment two and a half years and are ready for a little more space, reliable employment. Credit check revealed excellent credit scores, but also an incredibly high debt-income ratio; otherwise, no delinquencies or criminal background. The issue is that if they technically meet our criteria, how do I handle the other prospective tenants, particularly those who are showing as much interest as they had (and have already given us an application fee, which we've not yet processed credit checks for), and those who responded to my listing saying they were eager for the open house? Obviously, I have concerns about the margin of debt they have, especially since a large portion is unsecured debt. I want to be fair, and give everyone their chance to see our home. I realize I am probably being too nice. Someone just tell me the grown-up thing to do! Thanks!

Loading replies...