Hopefully you did a good job screening, because if they have clean credit reports, a judgement on a credit report doesn't look good.

-Property managers who earn a % of the rent collected (instead of a flat monthly fee) are may have solvency problems in the near future.

If you know you are getting a really good deal on the property then getting it vacant might be better so that you can make the necessary repairs and get higher rent with tenants that you thoroughly screen yourself.

My PM here in the Chicago suburbs charges a flat fee of $45 per unit per month for 5+ and $75 per unit per month for 2-4 units.

Hi Bjorn :) Yes I have done my due diligence on screening this tenant.

If it's a B or C class property in a B or C class neighborhood with low crime and acceptable schools, then I personally would expect home prices to stay flat or mildly appreciate.

Tenant screening works!

It’s in a class C neighborhood, currently listed for rent but with the current pandemic I don’t except it to be rented out ASAP.My fear is if I find a tenant who meets the screening requirements do you think they would not pay the rent to take advantage of the pause on evictions etc?

I recommend screening them as you would a normal tenant I just don’t have them fill out past addresses and why they moved they moved for work!

If your current tenants want to stay and claim they can afford the new rate, run a screening to verify before accepting them!