Tenant Screening
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,
Leasing advice needed
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.