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Updated about 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!
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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.