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Updated about 2 years ago on . Most recent reply
Tenant screening Bankruptcy
Hello Everyone,
This will be my Second Tenant in Tacoma for a Midterm 90 day lease.
We did the background check and it shows 1 Bankruptcy
No criminal history, no eviction etc. That’s the only public record we see. Credit score 690’s. Should we be concerned? She’s travel RN but would like to know your insights .
Thank you!
Most Popular Reply
Greg Scott
#3 General Real Estate Investing Contributor
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- Rental Property Investor
- SE Michigan
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Bankruptcy must have been a while ago for a 690 credit score. With no other negatives, we would rent to her.
Of course, you should have a criteria written down previously and she either qualifies or she doesn't. If she doesn't qualify, then you could negotiate a possible increase in security deposit, subject to local laws, to see if you would want to move her in.
Of course, you should have a criteria written down previously and she either qualifies or she doesn't. If she doesn't qualify, then you could negotiate a possible increase in security deposit, subject to local laws, to see if you would want to move her in.