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Old 03-14-2017, 09:27 AM
 
531 posts, read 1,428,679 times
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The potential renter has a credit score in the low 700s. She has adequate income for the rent but not with a substantial cushion. I'm generally satisfied with her screening result except her last landlord in another state told me she broke her one year contract after she lost her job. She stayed at that landlord's property for six months and has since been staying with her relative in my state for the past four months.

She told me she relocated because she wanted to stay closer to her family.

Is this history of contract breaching a big red flag?
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Old 03-14-2017, 09:50 AM
 
8,085 posts, read 5,247,100 times
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Yep. I wouldn't do it.
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Old 03-14-2017, 09:53 AM
 
35,095 posts, read 51,230,433 times
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Quote:
Originally Posted by newnewsmama View Post
The potential renter has a credit score in the low 700s. She has adequate income for the rent but not with a substantial cushion. I'm generally satisfied with her screening result except her last landlord in another state told me she broke her one year contract after she lost her job. She stayed at that landlord's property for six months and has since been staying with her relative in my state for the past four months.

She told me she relocated because she wanted to stay closer to her family.

Is this history of contract breaching a big red flag?
Which is worse leaving a contract because of no income or staying in the rental and not paying rent?
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Old 03-14-2017, 10:00 AM
 
Location: Boise, ID
8,046 posts, read 28,472,904 times
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Depends on how she broke it. Did she give notice and pay the lease break fee? Did she leave the house in good condition and cooperate with helping them find a replacement tenant? Or did she just skip in the middle of the night? Big difference.
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Old 03-14-2017, 10:01 AM
 
Location: The Triad
34,088 posts, read 82,953,336 times
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Quote:
Originally Posted by newnewsmama View Post
...she broke her one year contract after she lost her job.
Is this history of contract breaching a big red flag?
No. People lose jobs. It happens.

The question is whether she communicated her changed situation
and left on good terms, paid the rent due, etc.
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Old 03-14-2017, 10:02 AM
 
Location: Boise, ID
8,046 posts, read 28,472,904 times
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Quote:
Originally Posted by CSD610 View Post
Which is worse leaving a contract because of no income or staying in the rental and not paying rent?
Exactly. I'd take a tenant who recognized there was a problem and acted to remedy it in the most responsible manner available over one who dug their feet in and made me evict them for nonpayment every day of the week.
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Old 03-14-2017, 10:34 AM
 
531 posts, read 1,428,679 times
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Quote:
Originally Posted by CSD610 View Post
Which is worse leaving a contract because of no income or staying in the rental and not paying rent?
Of course the latter is worse. But I'm not trying to pick the better of the two. I'm trying to avoid anything bad enough to be a red flag.
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Old 03-14-2017, 10:53 AM
 
Location: Boise, ID
8,046 posts, read 28,472,904 times
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Quote:
Originally Posted by newnewsmama View Post
Of course the latter is worse. But I'm not trying to pick the better of the two. I'm trying to avoid anything bad enough to be a red flag.
The point is that if they terminated the lease in a responsible manner, that is a GOOD thing, not a bad thing. It shows a level of responsibility that most tenants do not have.

Breaking the lease isn't always a bad thing. The details matter.
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Old 03-14-2017, 10:56 AM
 
35,095 posts, read 51,230,433 times
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Quote:
Originally Posted by newnewsmama View Post
Of course the latter is worse. But I'm not trying to pick the better of the two. I'm trying to avoid anything bad enough to be a red flag.
Then find someone else to rent to. Obviously this person is not good enough for you.
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Old 03-14-2017, 12:22 PM
 
531 posts, read 1,428,679 times
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Quote:
Originally Posted by CSD610 View Post
Then find someone else to rent to. Obviously this person is not good enough for you.
No, it is not obvious. That's why I'm asking around fellow landlords.
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