General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
How to handle a overqualified tenant ?
I currently have a prospective tenant who applied to live in the unit above us who is overqualified. They currently own in NJ and are planning to keep that home and rent it out. The husband makes $140K/year as a software engineer and his wife is going to become a resident MD at a hospital near by and is going to make $60K a year. They have one young child. They look perfect on paper, but I just don't see them staying long. This isn't a neighborhood with a bunch of software engineers and doctors walking around. To be honest, this is probably one of the worst blocks in the neighborhood. Although, a pretty solid neighborhood all around. I'd like for them to stay at least two years, but I can see them jetting after one.
Fortunately, during these times, we have another good option but just wanted to get your opinion on overqualified tenants.