Landlord Question and Answer Forum

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I have a potential tenant that recently went through bankruptcy. Should I consider giving him a chance. ? He was in a bitter divorce were he assumed all the debt of his disgruntled ex wife. If you did accept what kind of security deposit and rent collection would you recommend. ? He has a solid work history and has a new family trying to start over. Am I crazy??¿¿

Michae&Megan B, IL on Wednesday, April 13, 2016

RE: Bankruptcy

There is nothing crazy about helping a tenant stabilize and bounce back however set ground rules and do not let them take advantage. This is a business and you are trying your best to help them out. If need be and you are worried set up a payment plan or agreement so that they are legally held responsible and knowingly being helped.

Posted by Richard W, PA on Monday, April 18, 2016

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