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Updated over 12 years ago, 09/22/2012
Tenant Qualifications: Risk too high?
Greetings everyone. I have found myself in one of those spots where I know what to do, but being a newbie makes me hesitant. I am one of those who always ask, no matter how obvious.
My PM has found a tenant that seems to have a average-to-good credit history as well as rental, etc. The only downside? His wife only makes $32K per year and he is currently unemployed. He is receiving unemployment $1,100 per month and will go as far as 6 months.
He is in the medical profession (PM has not advice which area) and has said that he has two potential interview.
PM submitted to my consideration on the premise of not-so-bad/good previous records, income from unemployment and potential to get a job.
My common sense does not agree, but then again, I am a newbie.
1- Would any of you consider it? Why?
2- Have any of you made the risk of something similar in the past? How did it played out?
3- Are there a few rule of thumbs that I can learn out of this?
Looking forward to hear your thoughts.
Regards!