advice needed. Broker wants us to rent a home we own to (renter, deposit)
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If they otherwise look like good candidates and it is not prohibited by your state, I'd ask for a deposit equal to 3 times the rent. This gives you additional protection if they default on paying the rent.
That's 3 month's worth.
It doesn't get any more certain than that; renting can go south with anyone.
They are from Germany.
Probably be the best tenant's you'll ever have.
I say go for it.
Oh....I see, Thank you. That is common in Midwest. I think the LL should rent to those that match their qualifications. No rental history or credit report, risky imo. 3 mths rent is nothing when it takes a fortune and months to get a bad renter out.
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