Re: Why rent to people with bad credit? - Landlord Forum thread 352367

Re: Why rent to people with bad credit? by P-Bone (NY and OH) on May 24, 2017 @08:29

I think it all depends on the market. I owned a rental in the suburbs of Buffalo, NY and I generally had to stick to 650 or better, because many people with 720+ and 3 times the income, can easily manage purchase of a house that would meet their needs in some of the lower end suburbs/city. All of my tenants ended up having well over 700, because I found high quality people that respected the way I kept my property, but were either in between properties or just didn't want the liability of the possible large repairs and maintenance.

In the Dayton, OH area, I tried to rent out my 3 bedroom ranch after moving out and I was clear about my screening criteria and I got nothing but people on housing assistance and people that had well under 600 credit scores. I chose to sell instead of continuing to look because again, those with 650 or better in this area or similar areas, can find $60-$90k houses they can afford with $40k a year in income and scores over 650.

I think it all depends on your individual market.

[ Reply ] [ Return to forum ]