High risk tenant just got evicted

[Tyrel Templar]

I have a potential tenant who was evicted from her last home. I offered to rent to her on a month by month basis. Increased rent $50/mo from my regular rate, 2xrent security deposit and a co-signer. I also let her know that late payments will not be tolerated and partial payments will not be accepted. So if rent is not in my mailbox in full by the 3rd. A three day notice will follow and then the eviction process will start. No exceptions, no excuses. Am I missing anything that I can do to make this deal better/safer for myself. Texas btw. Thanks guys!

[Account Closed]

What’s the word I’m looking for, it’s in the dictionary between fail and foul... oh yea fool.  

This will not end good for you.  There’s a reason the we’re evicted from their last place.  The is no amount of empty promises from them that will limit your risks.  

Kindly decline them and move on.  

If I were you I would sit down and write Down the minimum requirements for your tenants, X credit score, X income, no evictions since Y (Y being sometime before the first Star Wars movie came out in 1970’s).  

You are just asking for trouble.  Good luck