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Updated over 5 years ago,
Higher risk tenants in smaller towns
I'm looking at renting a unit I own in a small town (2500 people). The prospective tenant has an income that qualifies > 3x rent for 3 months. They have no rental history from living with parents and owning their own home with an ex. Their credit score is poor from a truck repo that they signed with their ex (they discussed this before I've run the credit check). It's a fairly younger person with a couple of young kids, if that matters.
I understand the tenant pool in the smaller town can be less cookie cutter. I'm considering to offer them to pay first month rent, last month rent, and a normal security deposit for no rental references, poor credit, and a new job. Curious what others have done in this situation?