Prospective Tenant with Chapter 13

[Dawn Quinn]

Hi all,

Here is a new one for me. WOULD YOU RENT TO THESE Folks? If so would you rent with a higher deposit and first and last month's rent?

No evictions, No felonies, No pets, He makes 4.5x rent.

Career Disabled Veteran has a nasty divorce which leads to Chapter 13.

Tenant re-marries 5 years later and spouse has bad credit and is not working.

Prospective tenant gets veteran retirement and disability of which 1/2 is garnished for ex-spouse.

Prospective tenant has now taken a job teaching ROTC at the local high school. I have a copy of the contract.

Prospective tenant has been very open with all factors.

Last place place rented for 5 years at higher rent. Most recent payment history looks good.

When someone who seems to be doing all the right things...falls on bad times...I like to help out but what could go wrong?

Thank you

[John Underwood]

@Dawn Quinn I would try and talk to last 2 landlords and confirm payment history. 1st, last and deposit should protect you fairly well. If you do rent to them just lay down the rules once they are X days late you automatically start an eviction unless they have let you now and worked something out ahead of time.

I have found that getting extra or larger deposits upfront is a pretty powerful motivator for them to do the right thing (when possible) to prevent loosing all that money they paid.

Sounds like he pays his rent since he has no evictions, just confirm with most recent landlord of 5 years.

I also like to ask why they are moving. Just make sure it is not for a reason that you would turn them down, if you do get an honest answer.