General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 12 years ago,
Newbie trying to choose tenants - help
I have my first two homes rehabbed and marketed for rent. My first has two separate families interested. Trying to decide; probably a no-brainer but I am asking for advice.
1) Family one - Mother with two kids, moving here from Michigan. Credit is okay but she has no job here. She is willing to give me 6 months rent up front plus deposit (funds deposited now for July 1st move in). She has not worked for 6 months but recently inherited funds and wants to move to Atlanta.
2) Family Two - One has bad credit (almost all due to Student Loans), one has okay credit. They have more than enough income (rent is 22% of income; verified via check stubs and called employer).
Neither has any evictions or criminal background. I could try to talk family two into my second home that just was completed today. I am nervous about lack of job history but the six months deposit is tempting.
Thanks in advance.