Better to lower the rent and find someone else than risk potential future costly issues.

Anonymous wrote:He lives at home rent free and yet doesn’t pay his bills on time? Avoid like the plague.

When I saw the use of credit cards to income thing, I thought, "Well, that's me/us, and we are very financially responsible, we just pay for everything with credit cards." But we pay on time.

He lives at home rent free and yet doesn’t pay his bills on time? Avoid like the plague.

He lives at home rent free and yet doesn’t pay his bills on time? Avoid like the plague.

Anonymous wrote:

Anonymous wrote:A 20-something single guy who is self employed without pay history or rent history. What could possibly go wrong here?

Op here. Idk, I’ve never been in this situation.

What happens if someone doesn’t pay rent? How can I enforce or evict? So far I’ve been lucky enough to have amazing tenants and no issues. Wondering what the steps are if something goes bad

If you have to ask, then this isn't the tenant for you.

Anonymous wrote:If he couldn’t pay off his credit cards while living (presumably rent-free) with his parents, what makes you think he’s going to become a better money manager now that he has one more expense?

+1 OP, find a more stable tenant or get his parents to cosign. This guy is not ready for the responsibility of consistently paying rent on time.

Anonymous wrote:

Anonymous wrote:A 20-something single guy who is self employed without pay history or rent history. What could possibly go wrong here?

Op here. Idk, I’ve never been in this situation.

What happens if someone doesn’t pay rent? How can I enforce or evict? So far I’ve been lucky enough to have amazing tenants and no issues. Wondering what the steps are if something goes bad

Well with COVID there could be another freeze on evictions. And then you just have to report rental income loss. It sounds like a nightmare.

Anonymous wrote:A 20-something single guy who is self employed without pay history or rent history. What could possibly go wrong here?

Op here. Idk, I’ve never been in this situation.

What happens if someone doesn’t pay rent? How can I enforce or evict? So far I’ve been lucky enough to have amazing tenants and no issues. Wondering what the steps are if something goes bad

A 20-something single guy who is self employed without pay history or rent history. What could possibly go wrong here?

I asked tax return a few years ago bc the applicants run their own business.

If he couldn’t pay off his credit cards while living (presumably rent-free) with his parents, what makes you think he’s going to become a better money manager now that he has one more expense?

Anonymous wrote:Yes get the parents to co-sign.

And run their credit first, at his expense.

If you were in Maryland and talking about a 40 year old, that renter could be my ex-h. Talks a great game, but as soon as you see the credit report you should run! He is applying to places this week and I just feel bad for anyone who takes him on.

Advice- without a rent history, move on.

Op, I use Smartmove as well. It’s a great screening sight. And personally, I wouldn’t rent to him.

Anonymous wrote:Are you running a halfway house or a business? If you really
like him, but remember he's not your friend, ask for a year of rent upfront or have him kick rocks. Ignore the red flags at your peril.

Yes, ask for a year worth of rent upfront otherwise ignore him.