How to make sure your tenant can pay rent right now

[Brayden James]

Hey everyone, I just read a Bloomberg article explaining how a lot of people are unable to pay their rent right now. I’m on the market for my first investment property and it will be in TX. The article explained that 39% of people in TX aren’t certain they can pay their rent.

I’m curious, are there any specific screening or other strategies to help mitigate the risk of this? Is now still a good time to buy?

Appreciate any input. Thanks.

[Theresa Harris]

Get record of employment and confirm.  Get the name of the company and call, do not use the number they give you.

When reading any news article, take the number with a grain of salt.  Often they spin the numbers to make them seem worse (or better) than they are.