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Updated over 6 years ago on . Most recent reply

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4
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Stanley Cole
3
Votes |
4
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Should I concider this tennant

Stanley Cole
Posted

I know what some of you are going to say but hear this.  I have an applicant with the following application credentials:

550 credit score, two bankruptcies, a foreclosure, moved 3 different times in 2017  

Now on the upside:

No debt (that seems obvious), earns a good salary, been on the job for 25 years, lives alone, no pets.

This person once took care of other family members and no longer has anyone to take care of anymore. (I found this out over a phone interview).

What's your opinion? 

Most Popular Reply

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7,695
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
7,859
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7,695
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
Replied
@Stanley Cole Bad credit alone isn’t necessarily a big dea. But a foreclosure, two bankruptcies show a very clear pattern of not paying debt or obligations, which means when you don’t get rent and they stiff you’, you’ll never see that money. Hard pass. Actually run away. Then after you hopefully do that, go find a good local PM company since your self screening methods seem bad.

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