Would you rent to tenant with large CC debt

[Kemi Okafor]

In the tenant screening process and found what I thought was a good fit. Credit screening however revealed >$75,000 in credit card debt most of which was accumulated over the past 3 years. There is additional 40K in car payments and a home that was purchased around the same time. Credit score is >700.

Would you be willing to rent a newish SFH in a fairly nice neighborhood? Rent close to $3000 per month.

[Kevin Von Storch]

@Kemi Okafor theoretically the sale of the house would be able to knock out some of their debt but the sale of the house is not a given (asking price, quality of home, rates, location, etc.), so, if it were me personally, I’d move on to other options. But this is your investment and only you know your risk tolerance.