Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

129
Posts
48
Votes
Zac Boelkow
  • Port Richey, FL
48
Votes |
129
Posts

denying qualified tenants because of better qualifying tenants

Zac Boelkow
  • Port Richey, FL
Posted

If I have multiple qualified tenants that meet my minimum requirements and choose the one that best fits. When I write the other tenants a denial letter do I state that I had multiple applications and the property was rented to the highest qualifying tenant?

Also I have a application from someone who falls below my minimum credit score (because of a long story, ex-boyfriend, and a repossessed car) and has a huge income and is killing it at their job. I did verify through smart move the car is the only issue bringing the credit score down. Everything else on their credit report  is fine. This potential tenant has had the best communication with me and seems to align with exactly what I looking for. Is it an issue if I accept her over other qualified tenants who meet both income and credit score parameters? 

  • Zac Boelkow
  • Most Popular Reply

    User Stats

    2,465
    Posts
    3,857
    Votes
    Patricia Steiner
    • Real Estate Broker
    • Hyde Park Tampa, FL
    3,857
    Votes |
    2,465
    Posts
    Patricia Steiner
    • Real Estate Broker
    • Hyde Park Tampa, FL
    Replied

    It could be.  She doesn't meet the credit score parameter. (That's a period at the end of that sentence).  And regardless of the boyfriend "issue," she obviously had an obligation to repaid that loan and did not. I would recommend you not discount the credit score hit. You may wind-up not getting paid on your lease because of "someone else's fault" at some point.  If you were ever challenged and had to prove you chose the most qualified candidate based solely on criteria, you would have a legal issue.  Stick with the criteria.  Don't editorialize/rationalize criteria misses.  You have a lot of qualified tenants so choose one of those who used better judgement and paid their obligations. You're running a business.  You don't need to like your tenants; you need ones who pay on time and keep their commitments regardless of life accidents we all experience.  

    Loading replies...