First these tenants should ba able to afford the rent, if you calculate 30% of their income it would be $20,400, in the other hand your rent for a year would be $16,800, which is making this contract a possible solution. Once you checked their credit report and found that it is bad, you should know that the same may happen to you. You should find out more about stability of their income and all major expense in order to make a reliable decision.
First these tenants should ba able to afford the rent, if you calculate 30% of their income it would be $20,400, in the other hand your rent for a year would be $16,800, which is making this contract a possible solution. Once you checked their credit report and found that it is bad, you should know that the same may happen to you. You should find out more about stability of their income and all major expense in order to make a reliable decision.
Posted by: johnmillerik at May 13, 2009 11:06 PM in response to Credit report