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Updated almost 5 years ago on . Most recent reply

User Stats

51
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65
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Sacha LaCoss
  • California
65
Votes |
51
Posts

Your thoughts when 1 applicant has great credit but the other....

Sacha LaCoss
  • California
Posted

I have a set of applicants that are a couple moving in together.

Applicant 1 has a 773 credit score and can easily meet the 3x rent income on his own. Librarian for the city 

Applicant 2 has a 561 credit score but has obviously been improving as she has 100% on time payments, no evictions or judgments ect.. and can almost meet the 3x rent income on her own.  Graphic Designer 


both have very little debt 

Both have clean criminal ect...And have been in their current separate rentals for over 2 years each.  If I can verify that the second applicant has been current on rent ect and get a good landlord reference what do you guys think on renting to this couple? 

Most Popular Reply

User Stats

236
Posts
140
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Alex Forest
  • Rental Property Investor
  • Henrico, Va
140
Votes |
236
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Alex Forest
  • Rental Property Investor
  • Henrico, Va
Replied

Are they a couple and have already been living together for a considerable period of time, or are they roommates that have lodged together?  The Lease should be clear they are considered as one, the "Tenant". If there is an issue, they are together collectively, not treated separately.  I had two singles that moved in, with a similar background, but they were not a couple and paid separately and thought of their security deposits and responsibilities as separate.  Ultimately, they did not get along (had not lived together before but were friends before moving in together).  It's best to have a single point of contact, and when it's a couple or family that has a history of living together for some time, it's clear they are living as one "Tenant" and get along.  It also depends on the tenant pool you're seeing and working with.  The couple you mention sounds like they could be just fine. The first applicant being strong. Just some things to consider.

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