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Updated over 6 years ago on . Most recent reply
Minimum FICO score for new tenants
So I recently had my only tenant give notice, and am about to start the search for a new one. Just wanted to poll BP for what minimum FICO scores you require for applicants, I know this can be area specific, the property in question is in what I'd consider a B area. Rents in the area for similar duplexes range from $1,200 - $1,400. I'm leaning toward a minimum of 680, but considering the time of the year I'm concerned this may limit my applicant pool too much. Let me know your thoughts, thanks!
Most Popular Reply

Score is not always indicative of ability or willingness to pay. A LOT of things can impact score for people who otherwise pay EVERY bill on time. It's a flawed system, even though it's widely used.