Better to have no tenant or a tenant with history of multiple late payments

[Sandra Ho]

This is our second rental in Indianapolis that we closed on a couple of months ago, but it has been difficult finding tenants. The first rental we closed on in April rented quickly with no issues with a great tenant. Wanted to ask everyone what their experience is with tenants that have had multiple late payments on their report and one of them also declared bankruptcy in the past. Is it better to wait for a tenant that is more on time with payments and leave the place vacant for now or accept whoever applies? New to all of this so any advice is appreciated!

[Nathan Gesner]

Quote from @Sandra Ho:

Thank you everyone for your comments! They were all very helpful. I lowered the price of both even more and was able to find a tenant for one of them, will see what happens with the other!

Thank you for returning with an update! We often give advice and never learn the end result.