To Rent or Not To Rent

[Christopher Bell]

So I'm a bit of a newbie landlord and I have a listing that I posted in a lower income city in a better location. The prospective tenant had a low credit score in the mid 500s with a total of 5k a month in liabilities if they were to rent from me. Their income before tax is said to be 14k a month working a double shift. With that low of a credit score, should I accept them as a tenant? So far they are the only prospective bite but from cornavirus complications I think that's where credit score took the biggest hit. Should I be using their 2x shift income as their true income if they tell me that's what they plan to do? Any thought would be greatly appreciated. Also to add more color there are some accounts from 5 years ago that are delinquent but not in a large amount

[Bjorn Ahlblad]

@Christopher Bell Your applicant is only partly in charge as to whether or not they can work double shifts. If you score them on a single shift there is no money to pay all the bills plus rent. I would reject them and continue looking. That credit score is more than low and suggests they do not care about consequences.