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Updated over 3 years ago, 03/11/2021

User Stats

32
Posts
12
Votes

To Rent or Not To Rent

Christopher Bell
Posted

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

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