Posted by Natalie-VA on January 29, 2011 at 08:35:21:
I also agree that #2 was the best choice of the three, but he still doesn’t have enough info such as what would show on a credit report. I would keep the unit vacant if I were given those three choices with no more info.
–Natalie
MULTIPLE CHOICE = PICK MY TENANT !! - Posted by JON
Posted by JON on January 24, 2011 at 20:46:46:
I NEED HELP PICKING MY TENANT. PLEASE PICK ONE.
WHICH ONE IS BEST ?? RENT =700 PER MONTH
SINGLE MOM OF 2 YOUNG 9 & 8YRS, EMPLOYED FOR 1.5 YRS AT A SCHOOL. INCOME 1600 PER MONTH PLUS 600 SSI AND 300 CHILD SUPPORT. LIVES AT HOME NEEDS HER OWN SPACE
COUPLE UNMARRIED BOTH SELF EMPLOYES BUT TELL ME THEY CAN VERIFY 1099 INCOME. 3500 TOTAL PER MONTH. ONE IS A HAIRDRESSER 1500PER MTH THE MAN IS IN CONSTRUCTION 2000PER MTH. LIVE IN NEARBY APARTMENTS, NEED MORE SPACE
3)COUPLE UNMARRIED ONE WORKS ONE UNEMPLOYED. SHE MAKES 2100PER MONTH WORKING 2 JOBS HE PULLS 1500 PER MTH UNEMPLOYMENT. THE LIVE DOWN THE STREET IN ANOTHER RENTAL. PER THEM ITS A TERRIBLE LANDLORD, RATS IN HOUSE. 2 KIDS THAT GO TO THE LOCAL HIGHSCHOOL/MIDDLE SCHOOL.
Re: MULTIPLE CHOICE = PICK MY TENANT !! - Posted by AmotoXracer
Posted by AmotoXracer on January 28, 2011 at 19:41:18:
To me this is a very easy decision. Provided they can actually verify income, choice #2, the self employed people are the hands down winner. No contest. Not sure why no one else answered your question directly.
Let Me Ask You - Posted by Wayne-NC
Posted by Wayne-NC on January 25, 2011 at 15:14:01:
Which one would you lend money to? That is essentially what you are doing. As was somewhat mentioned, which ever one you choose, be prepared, ready and able to justify your decision.
Re: MULTIPLE CHOICE = PICK MY TENANT !! - Posted by DJ-nyc
Posted by DJ-nyc on January 25, 2011 at 12:07:20:
Do you have applications with verified due diligence? Too early to make a decision based on these profiles, I would “keep looking”. What’s your gut tell you?
Final round:
Also, “pop up” at where they are living now and ask to use the “bathroom”. Then make your decision…
DJ-nyc
Re: MULTIPLE CHOICE = PICK MY TENANT !! - Posted by Beachbum
Posted by Beachbum on January 24, 2011 at 21:59:49:
Basing your choice on factors such as “unmarried” “single mom” “9 and 8 years” “2 kids” etc. is a good way to end up with Fair Housing problems.
Tenant’s “needs”, re more space, are irrelevant as a credit criteria.
“They can verify” means you are trying ti make judgment on hearsay…another good way to end up with problems.
What does the “terrible landlord” have to say about the tenants? How about landlord references on the others? Prior addresses/landlords? How long at the address? What is their payment record?
What do their credit reports show? criminal backgrounds?
Much more info is needed to make anything more than a wild assed guess. How much will an eviction cost? How long will it take? It is far easier and cheaper to investigate now, rather than pay the piper later.