Is a potential renter's total debt a liability or blessing?

[David Smith]

I have a potential renter who makes 6k monthly,  almost an 800 credit score, 96% on-time payments, 60% credit used, and $370k in debt. Would you lease to this renter? Would this renter be considered a liability or a renter that will potentially rent long term considering their debts? 

[Julie Hartman]

@David Smith It depends on the type of debt they have. Are we talking about a mortgage, medical debts, or student loans? Or are we talking about credit cards debt? From the credit score, I would guess it's not credit card debt. If that is the case and everything else checks out, they may be a good risk. People with credit scores in the 800's usually don't want to jeopardize it.