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Updated almost 4 years ago on . Most recent reply
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Where do bad credit tenants go to rent?
I have a new client that is looking to rent, but has horrible credit. He had a major medical issue, he survived (his credit, did not), and now is making decent money on track to make 120k annually.
Where do we send clients like this to find a place to live?
I am taking him on because I love to help people, but I am wondering if finding him a rental might be a bridge to far with his low credit score. Any ideas would be greatly appreciated!
JQ
Most Popular Reply
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- Rental Property Investor
- Los Angeles, CA
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1) Bad landlords that do not screen.
2) Nice landlords that will look past his credit being destroyed due to medical bills.
3) Smart landlords that will accept him with a large security deposit / pre-paid rent / cosigner.
Most important thing is to be upfront with the landlord. If I have to pull your credit to find out that it is awful, you're not moving into my place. Tell me up front and you have a chance. I accepted a person who was in bankruptcy because they were up front about the situation and had a cosigner. Had they not told me up front, I'd have not accepted them.