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Updated over 11 years ago on . Most recent reply

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Belinda B.
  • Wilmington, NC
0
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Help needed picking tenents

Belinda B.
  • Wilmington, NC
Posted

Hi,
I rent a house I inherited from my mother not located where I live. I have a property management company manage it. We just replaced all flooring and did landscaping. Within 2 weeks of being available PM tells me they have 4 applications. 2 he rejected. The other 2 are both single moms.
One has 9 pets (4 dogs, 5 cats) and the PM does not recommend bringing that many animals onto the new flooring.
The 2nd has lousy credit (443 score). Supposedly it's from a divorce in 2010. Current landlord (of 6 years) told my PM she is on time and no problem. The late payments are late car payments from 2010 and she is current with the car payments now. She has medical debt but is current.
She earns $50,000 and is a nurse. House will rent for $750/month
PM thinks she would be okay, but is leaving it up to me. He suggested increasing the security payment since her credit is low. Alternatively he said we could continue to show property and wait for an applicant we feel better about.
When we initially tried to rent the house last summer it took a couple of months and we got a bad tenant. He got his son a pit bull for Christmas which is why he had to move. I am afraid of making a mistake again.
So landlord gurus what would you do?

Most Popular Reply

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2,295
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Rob K.
  • Investor
  • Southeast, MI
1,707
Votes |
2,295
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Rob K.
  • Investor
  • Southeast, MI
Replied

Number 2 sounds good. Good income, good rental history, and bad credit. You won't have to worry about her buying a house.

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