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Updated about 4 years ago,
Accept tenant who owed previous landlord for paint?
Hi BP,
I'm in the process of renting out my second home. My PM called me today with an option for a tenant. They make well over the required amount of money, ex military, fair credit scores.
They have one glitch. They owed their previous landlord $1,300 for paint.
When my PM brought this up to them they immediately reached out to their prior landlord and paid them, then provided proof via a receipt that they had paid them in full.
I have the very experienced designated broker of the PM company saying that its an absolute dealbreaker and it automatically disqualifies them.
I am somewhat on the fence. Other than this incident they seem like great tenants.
My thought was to collect 1.5-2x time the normal security deposit to compensate for the risk.
Please share any opinions and insight. I'm very open to criticism and constructive feedback.
Thanks!