Should I accept this T? - Landlord Forum thread 336924

Should I accept this T? by vkk on July 3, 2015 @22:19

I have a prospect T, and 6 people in the family. 4 adults will put money together to pay the rent. They are doing either truck driver, cleaning, construction , or taking care of disability type of work. They seem very interesting my unit.

Should I accept this family?

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Re: Should I accept this T? by Katiekate (New York) on July 3, 2015 @22:36	[ Reply ]

I require every adult in the household to pass credit, background, and criminal check. That means that each must fill out an application, sign it, and pay the application fee. With 4 adults that is starting to get pricey. What is your required standard? If it take 4 to cover the rent, what happens when one loses their job? What happens when one moves out? How are the 4 adults related? Are you opening yourself up to having an even larger extended family start to move in? Think how you would protect your property and your income. I've never had this happen. Closest I get is 4 college kids living together...and in that case each of their parents have signed the lease and have excellent credit they are not going to trash over the kids rent.

Re: Should I accept this T? by J (FL) on July 4, 2015 @20:45	[ Reply ]

No, this stinks..."taking care of disability work"...does this mean running a business out of your rental? "they seem very interested in my unit" the bad ones are always very interested...they are probably being asked to leave some other place. Having said that, let them apply if they insist...I hope you are charging an application fee for each adult and have minimum standards for credit and other things.

Re: Should I accept this T?

Re: Should I accept this T? by Anonymous on July 5, 2015 @16:35	[ Reply ]

No. You have very poor criteria for qualified tenants: "They seem very interesting my unit". Who cares if they are very interesting? Every unqualified tenant I get an email from says they are very interested in my unit. That statement is irrelevant. It sounds like when a landlord says they are very nice people. What is relevant are their credit scores. What is the credit/FICO score of each adult tenant? Ask them. If they say they don't know tell them to contact you when they do know. Do each of them make at least 3X the rent in gross monthly income? If not say goodbye. Their occupations are enough for me to say goodbye

agree

Re: Should I accept this T? by Anonymous on July 8, 2015 @16:52	[ Reply ]

Sounds like a problem waiting to happen. Keep clear of this one.