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Updated over 12 years ago on . Most recent reply

User Stats

120
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31
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Will Browm
  • Investor
  • Buford, GA
31
Votes |
120
Posts

Newbie trying to choose tenants - help

Will Browm
  • Investor
  • Buford, GA
Posted

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.

Most Popular Reply

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15,174
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11,257
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Joel Owens
  • Real Estate Broker
  • Canton, GA
11,257
Votes |
15,174
Posts
Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

Why is nobody mentioning option 3 ??

Wait for better tenants to come along to fill the rentals.

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