I am very skeptical about renting to an individual

[Ronesha Fisher]

Hello all,

 So I wanted to have an open discussion of my current situation. I have multifamily unit and I am currently looking for a tenant. I have the price at a reasonable price and I came across this one female who has great income and job history. I am currently waiting for her POR so I can just ask a few questions from her previous landlord. My issue is that it is a 1 bedroom and she wants to move in with 3 kids under 7. I just want to hear some suggestions and opinions and options. I am very new to real estate investing so hearing what I should do would be great 

Thanks   

[Lynnette E.]

You should have a hard and firm rule about occupancy.  My parent always used no more than 2 people (note, people not kids) per room occupancy.  They only were in non-compliance with the rule when they rented to the maximum occupancy and the renters got preggers and added another kid.  That situation you can not avoid.

BTW, if she has 3 kids under 7 she will have a boy friend moving in shortly.  It always happens!