Should you always choose cashflow?

[Yolanda W Cuevas]

I'm in the process of turning over my property and have my top 3 applicants whom all meet the qualifications. My number 1 applicant is a couple with caged rats as pets. My number 2 is a couple with 2 large dogs (over 50 lbs). My 3rd are 3 college roommates with 2 large dogs where the parents are paying the rent. I met one set of parents and he had a legal pad of questions for me including crime rates, subletting contingencies, alarm systems, etc.

I chose the 1st couple as they know the area (it's transitional), will pay the pet fee though it's unlikely their pets will cause damage and generally were a laid back couple.

When I sent my sorry email to the college roommates, they came back with an offer of +150/mo in rent.

To be honest, I anticipate the relationship to be higher maintenance than with the 1st couple BUT it is a significant bump in rent.

Thoughts?

[Matt Ziegler]

As the old saying goes, don’t trip over dollars to pick up pennies.

Go with the first qualified applicant and screen them well and move on