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 over 5 years ago on . Most recent reply

User Stats

133
Posts
83
Votes
Tandi H.
  • Investor
  • Albuquerque, NM
83
Votes |
133
Posts

Help me choose between tenants

Tandi H.
  • Investor
  • Albuquerque, NM
Posted

Candidate 1:

Single guy, employed 4 years nearby, lots of connections in neighborhood, one cat.  

Pros: Looking to rent long-term/indefinitely, doesn't plan to move as he wants to be in this neighborhood. He has been at his current residence for two years and said he would stay if it was in this neighborhood. Good income. From a local family, grounded in area.  Seems quiet and low maintenance.

Cons:  Credit issues, most from about 4-5 years ago.  Recent bills have been paid but a few are paid 30-60 days late according to credit report.  Says he can have his sister co-sign if needed.  

Candidate 2:

Young professional couple, employed at university, thinking about getting a small dog.

Pros:  Stable employment, good credit.

Cons:  Plan to move out of area in 1-2 years.

Who would you pick?  The no issue couple who will be moving on in a year or two?  Or the getting-his-credit-fixed but stably employed guy who might stick around for a long time preventing turnover costs?

Most Popular Reply

User Stats

12,317
Posts
14,910
Votes
John Underwood
#4 All Forums Contributor
  • Investor
  • Greer, SC
14,910
Votes |
12,317
Posts
John Underwood
#4 All Forums Contributor
  • Investor
  • Greer, SC
Replied

You can't guarantee someone will stay in your house long term. 

I have also had tenants stay 5 years who only had intentions on staying a couple of years.

Candidate 1 is a risk, Candidate 2 is not.

  • John Underwood
  • Loading replies...