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Updated over 3 years ago on . Most recent reply

User Stats

447
Posts
63
Votes
Peter Morgan
  • Rental Property Investor
  • West Des Moines, IA
63
Votes |
447
Posts

Prospective tenant's household income all over the place!

Peter Morgan
  • Rental Property Investor
  • West Des Moines, IA
Posted

A prospective tenant got in touch and their household income is all over the place with two adults working their income is 1.9x rent add to it social security income, income from being handicapped,a minor earning some income and social security income makes it around 2.8x rent and they have 30k in debt, credit score is excellent though. I felt moved with their personal situation and thought of renting the apartment another part of me is a bit reluctant accounting by weaving a worst case scenario (ex: what if if one of the primary earners lose their job there will be lot of imbalance) with eviction moratorium in place its probably not a good idea to rent it to them. I will appreciate your inputs.

Thanks

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