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Author: Zumba Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 4935  
Subject: Re: tenants with no income Date: 2/17/2013 8:49 PM
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I would rent to anyone who can show they have the income or savings to pay the rent every month.

- Even retirees have some kind of income stream they live off of, be it social security, a pension, annuity, etc, or even just savings. They should be able to prove monthly income in some way or show how much they have in savings.

- are they currently renting from someone else? Do a landlord check, but also do a credit check that involves judgments or settlements against them. I did a check on a prospective tenant two weeks ago that showed several evictions and court settlements for non-payment of bills. If they have skipped out on bills in the past, it should be easy to find.

- Insist on doing the credit/tenant screening, as a thorough tenant screening should turn up negative payment/eviction history. Don't rent to them without running these checks first.

Paul
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