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Updated about 7 years ago on . Most recent reply

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Kevin Thomas
  • Rental Property Investor
  • Costa Mesa, CA
4
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19
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Prospective tenant has a baby sitting business.

Kevin Thomas
  • Rental Property Investor
  • Costa Mesa, CA
Posted

I have a duplex in a quiet neighborhood and have a prospective tenant who sounds very responsible, has good credit and income.  The prospective tenant just told me that she has a baby sitting business with 6 kids a day maximum.  I am the landlord and property manager and can see this being disruptive to the adjoining tenant.  

My experience tells me that if I have to ask then the answer is rarely yes however, I haven't found many prospects with good credit and stable income.  Does anyone have any experience with this?  Any opinions or advice would be helpful.  

My other prospective tenant is willing to pay a double security deposit (prepaid rent) because his credit is week.  I am leaning toward this prospect since I have the extra security deposit.  

Thank you in advance!

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980
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Edward B.
  • Investor
  • Midlothian, VA
820
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980
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Edward B.
  • Investor
  • Midlothian, VA
Replied
No businesses run out of the property. It is probably already in your lease, or should be. Liability is to great and requires special considerations that most residential set ups are not prepared for. Insurance for one, without a commercial policy, I doubt you will be covered if something happens.

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