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Updated over 3 years ago on . Most recent reply

User Stats

15
Posts
9
Votes
Brandon Palmer
  • Rental Property Investor
  • Madison WI
9
Votes |
15
Posts

Multiple applications? Which to choose?

Brandon Palmer
  • Rental Property Investor
  • Madison WI
Posted

We have a newly purchased 3/2.5 SFR (with really good schools) and too many applications! (I would love to raise rent on all the applicants but that seems uncool).

Group a: couple with 3 kids, self employed but sufficient income, just sold house, wants to pay year in advance. First to see the unit, last to submit application. Has been calling a few times (before they ever filed out the credit report). Closing on home sale aug 15.

Group b: couple w 2 kids, not great credit, ok income, have rented for years. Second to see property, first to apply. These folks have backed out due to some issues in their credit check

Group c: older couple, just sold home. 3rd to see the property, 2nd to apply. Only one person works, sufficient income, great credit. Communication chain has been strangely quiet after application and initial questions but seemed very excited. Closing on their home sale aug 15

Group d: couple w 2 kids, just sold home, great income, good credit. 4th to apply, have not seen the property. Want to move ASAP but are fine with our aug 1 date.

I would expect a, c and d all to only be 1 year tenants.

I’m struggling a bit with a choice between the tenants. I feel a bit guilty if I accept d even though I’ve been communicating w c a bit already. I’ve not met d in person but suspect I could.

I’ve told d I would get back to them by EOD today.

Thoughts / opinions?

Thanks everyone!!

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