Landlord Question and Answer Forum
Tenant has a poor credit score but all else checks out. Looks like her credit score was damaged because of astronomical amount of student loans (med school). She willing to pay fifty dollars per month more than I'm asking, first month, last month, and full security deposit.
I'm tempted to sign her to a 6 month lease that would serve as a probationary period then if all is well drop the rent back down to normal price and re-sign her for a year.
Does this sound reasonable?
Cully N, TX on Thursday, August 27, 2009
RE: Tenant with poor credit?
Have you received copies of her paychecks? Is there a reason she was unable to pay for these outstanding bills? Can she prove to you that she has paid rent on time before?
Posted by
Denise S, PA
on
Friday, August 28, 2009
RE: Tenant with poor credit?
Yeah... she's got pay stubs, and I'm going to check her references as to her rental and payment history.
The real question is; are my terms from the above post reasonable?
Posted by
Cully N, TX
on
Friday, August 28, 2009
RE: Tenant with poor credit?
Sign up for a service like AutomatedLandlord.com and require him to sign up for AUTOMATIC rent pay with a credit card. That way you get payed right away and it is his responsability to pay the credit card.
Posted by
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on
Friday, September 4, 2009
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