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Updated over 5 years ago on . Most recent reply

User Stats

499
Posts
167
Votes
Jane S.
  • Flipper/Rehabber
  • Colorado Springs, CO
167
Votes |
499
Posts

Tenants have no bank accounts

Jane S.
  • Flipper/Rehabber
  • Colorado Springs, CO
Posted

I have a rental i just put on the market 5/2/1 2000 sq ft. It's the first time I am encountering applicants with very low credit scores, several children, and no bank accounts. 2 divorced women, 6 kids, no alimony, very brief rental history. Just wondering if this home is a bit too much for them, it rents for $1900 and I have a few other applicants more qualified. The one who has 4 kids from 2 men has part time minimum wage job and could disappear and I would never be able to collect, as she has nothing. The other woman's ex husband doesnt work so she has no income from him. They have no savings. Appreciate your comments. Wondering if I should return the application fee and move on.

Most Popular Reply

User Stats

419
Posts
323
Votes
Mike S.
  • Rental Property Investor
  • Huntsville, AL
323
Votes |
419
Posts
Mike S.
  • Rental Property Investor
  • Huntsville, AL
Replied

I would never use a PM, but I think you really need one. You've posted several things that by themselves are no's, but you're soliciting reasons to accept them? Get an objective professional to screen your rental.

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