Renting to an Iffy Tenant

Hello all,

As a first-time landlord, I sorely need the advice of some old hands.

I have two prospective tenants who have poor credit (each below 600), lots of debt and what seems to be a tangled credit history. However, I’m considering them because they offered to pay the year’s rent in advance.

How badly could this possibly go wrong, if I have all the rent in hand? I’m admittedly pretty naive about all this, so what would you do?

Thanks in advance!

By WestEndGirl |