I GOT LUCKY! FIGURED I'D REGRET THIS DECISION!

[John Woodhouse]

Boy oh boy, I figured I'd regret this decision! I had some tenants which agreed to sign a lease 15 days early (to cut the difference between me having it vacant and them not being able to move in till 15 days after signing.) 

A couple days before the day of the signing, they informed me they would be short a thousand dollars of the rent! I figured it'd end poorly given that they're so short on money on the beginning of the lease, but I told myself that worst case scenario I'd get a learning experience out of it.

But there's a happy ending! Only a month and a half after the signing they managed to get caught up. So in conclusion, maybe if the persons income looks good, and they seem like decent people, you can take a chance on them and it'll work out alright! 

What would you have done?

[Mike Dymski]

TBD if you got lucky...still have the rest of the lease contract to go.  In the current environment, a couple of weeks of revenue is less valuable than meeting rental criteria.  We collect rent and security deposit at lease signing or keep showing the unit until we do.  Congrats on the good fortune to date.