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 almost 14 years ago on . Most recent reply

Account Closed
  • Wholesaler
  • Miami, FL
3
Votes |
346
Posts

disability SSI/ multiple tenants/dogs questions

Account Closed
  • Wholesaler
  • Miami, FL
Posted

Ok have one tenant now who is recieving 700 a month in disabilty and SSI he wants to move in with his mom who also gets 690 is SSI and his wife who works 40 hours a week at BK and has been there a year. How do I ask about his income and what documents show I require to get this.

Also since all 3 people will be living there do I need to run a credit/eviction report on all three? I would have to do 3 seperate reports and require a 25$ for each time so I would need 3 checks for 25$ each to run the report. I am nervous about renting to this many people because what if one moves out?

Also he has two small dogs a poodle and sHitzou, I am worried about liabilty if one was to bite the upstairs tenant etc. Also I can require a non refunable pet deposit of 200 or increase the rent another 25$. I will do that but am nervous of liabilty. The floors are hardwood so not too concerned about them being destroyed..

any advice thanks

Most Popular Reply

User Stats

13,451
Posts
8,349
Votes
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,349
Votes |
13,451
Posts
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied
Originally posted by sportf190:
...
Also since all 3 people will be living there do I need to run a credit/eviction report on all three? ...

Yes - at least I take that approach with all potential tenants.
Originally posted by sportf190:
...
I would have to do 3 seperate reports and require a 25$ for each time so I would need 3 checks for 25$ each to run the report.

...

Please don't tell us that you will accept a check from some total stranger, who probably will have bad credit (very common with those who are tenants) - before you even know whether they are creditworthy!

Cash paid to you when they hand you the application, otherwise the application is considered incomplete. If they want to use a check, they can go to their check-cashing service or to the bank and get cash - so that you get cash.

And please repeat, until you catch on: I will not accept checks from anybody with credit that is suspect.

Loading replies...