May 30
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My sister was evicted from her apartment last year and has been living at home since. She was 30 days late on rent because she had lost her job and was in the middle of a messy divorce. She has always been good with her finances in the past; however, her financial troubles hit at the same time and put her in a bind.
My question is: She is looking to get an apartment with me since my lease is up, our parents are moving out of state, and we have no other family or friends that have room to take her in. I have no prior evictions so would a landlord look at the application and be willing to rent to us if one of us has eviction history and the other does not? Her credit history is only messy around the time of her eviction, meaning she has a charge off on one credit card for $400, which she paid in full and another charge off for her car, which they repossessed (yes I know its a lot, but I’m not writing to have people judge her, so please only answer the questions) She has been up to date and paying in advance all of her bills for the last six months, since she got a new job. We compared credit reports so I know exactly what is on hers. My credit is excellent. Please only serious answers. We are looking to rent in a complex and are trying to avoid renting a single family home. However, if that is our best option, we will take it. Thank you in advance!
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Jan 08
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What are some tenant credit check guidelines when renting out a house. I am getting ready to put of for rent a single family home for $875.

What should their credit score be?
Their income per month?
Their monthly income compared to bills (medical, credit cards, car payments etc) max?

I was asked by a potential tenant what my guidelines were in approving someone as he had some bad credit. I wasnt really sure what to say.

My current guidelines are
-gross monthly income must be 3 times amount of rent.
-credit score above 650
-other bills including medical, car payments and credit cards must be less than 75% of cost of rent ($656) in this case

anything else I should consider? Thanks!

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