Using the company TheGuarantors for my new rental - Advice needed

[Melissa Faraias]

Hello BP community,

I am a relatively new out of state landlord and I have a rental on the market in Bluffton SC, which has been hard to get rented. I made a few changes based on the advice that I received here on Bigger Pockets and got three applications. The most qualified applicant in my opinion is a family of three, whose credit and background checks are clear.  Their combined monthly income is 3X my rental amount but the man's income is in cash (he is a car mechanic). His employer gave him a great reference and indicated that the position is permanent and stable. I also checked their 6 months bank statements and it seems like they are able to pay all their bills from her income alone.  Would you accept this family? They have a guarantor but her monthly income is not 3X my rental amount either.

I use RentRedi to manage my properties and they recommended a company called TheGuarantors. Has anybody used this company before? Do you suggest that I use them as guarantors for this situation? Any advice would be appreciated. Thank you in advance.