All Forum Posts by: Natalie Landry

@Julie N. @Wayne Brooks

@Jon Holdman Thank you all for your input and advice. 

We have a 4 bd/2 bath ranch for rent and a construction company is interested in a year-long lease for the house. It will house their workers on a job site 2 miles away. One of the workers will remain at the house for the duration of the job but crews of up to 8 will come and go as the job dictates. The company is based in another state. Does anyone have experience with this set up and have any advice? We are considering this but haven't decided.

@David Gonzalez Thanks for the suggestion.

@Cara Lonsdale Agreed. Thanks for the reminder.

@Rob D. This quote is gold....What I learned is if you have to fight and justify so much to get a tenant qualified you’re better off moving on to another tenant.  I appreciate you taking the time to respond.

@Frank Chin Thanks for taking the time to respond. I appreciate your stories and advice. That is crazy about the Morgan Stanley guy. I like the perspective of government sourced income v. job-based income. It is good to think about. The bankruptcy has me a bit stumped because it shows past poor financial management. I am struggling a bit with this one.

@Thomas S. I appreciate your thoughts. I did have the thought about the Mother dying (but not the husband leaving). How difficult is it for you to find applicants with credit scores >650? Thanks.

@Kyle J. Thanks for your insights. What do you mean by "bankruptcies being discharged."? 

@Carol C. Thanks for taking the time to reply Carol.

Our minimum qualifications for our 4-bedroom rental home lists, among other things, "Applicant must exhibit a responsible financial life. Credit score must be a minimum of 600." Three adults submitted applications to live together in the house (husband, wife and parent of the wife...let's call her Jane.) Husband and wife meet all qualification standards. Jane meets 600 credit score but has a 2016 Chapter 7 bankruptcy and contributes to the income through Social Security. Husband makes bulk of the income but Jane's contribution is necessary to meet minimum qualification of monthly income that is 3X the rent.  Also, the wife's income is SS-Disability but this does not disqualify her. Do we move on to the next applicant? Thanks for any advice.