Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tenant Screening
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

25
Posts
1
Votes
Sandeep G.
  • ohio
1
Votes |
25
Posts

Leasing advice needed

Sandeep G.
  • ohio
Posted

All,

My property is up for a new lease and i am in the process of renting it to the next tenant. I have just screened candidates through zillow rental manager and shortlisted 2 potential renters.

1) An attorney with a rent to income ratio of 4 (rent is 2.5k, income is 10k). lives with  a partner who has his own business (apparently making above 5k a month). Concern: can attorneys potentially screw you for the slightest reason? should i be concerned about the partner and his varying incomes?)

2) A family of 3 (husband is manager in a logistics company with income of 4k, wife not stable job with income of 1.6k and a young kid). Concern : with recession looming, if husband loses the job, not sure wife alone can pay rents smoothly every month.   

I am not in the same state as the property anymore and both are extremely keen to take the lease for more than a year but i am struggling to decide between the two candidates. can you guys share your thoughts to help me decide ? 

Different qn : what is the usual policy for pets (cats/ medium dogs)? do i charge monthly or 1 time pet deposit) ??

Thanks a lot.

Loading replies...