Re: What Would You Do? - Landlord Forum thread 347563

Re: What Would You Do? by MrDan (GA) on August 24, 2016 @19:21

You really do not have enough information to determine if either one is a valid prospect.

The business owner might have a good credit score, but might have a lot of potential business debt that he/she has incurred. Is the prospect licensed or incorporated? If incorporated, then you might find that the prospect might be judgement proof.

The construction couple regardless of wanting to upgrade bathroom and basement would need to show steady work in the construction field. If the work is mostly out of the area, then the potential for breaking the lease is increased.

You need to base a decision to accept any prospective tenant on more than a credit score and not wanting to redo your place. Asking for an increased security deposit will not necessary protect you and your investment either.

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Re: What Would You Do? by Joe on August 25, 2016 @05:31	[ Reply ]

Thanks for great points also to consider. The owner is Incorporated.

Re: What Would You Do? by Anonymous on August 25, 2016 @05:35	[ Reply ]

Thanks for great points also to consider. The owner is Incorporated. The lease would be in the owners name not the company. The company will not operate out of the house.