[quote=flu][quote=plm]Yes, totally agree with you Flu. I’m way too trusting and have too much compassion to treat the rental as a business. If it gets to be a problem, I will hire a property manager.

I’m not that trusting though. I will get the cash before I give them the keys.[/quote]

Cash is nothing. If they really are a “pro” they’ll get the cash for the deposit and the first month rent as simple as getting a cash advance on a credit card (maybe not even theirs)….You don’t know.

In fact, cash ior the first month+deposit is often a ploy. It’s easy to come up with cash for deposit+first month, and it gives many people a false sense of security the person has money, when in reality they dont.

It’s not sufficient to even go the cash route on the deposit+first month rent…ESPECIALLY IF YOU HAVENT EVEN SEEN THEIR CREDIT FILE…..
If you’re going to go down the “cash” route, you’ll want to see bank statements showing they can afford the rent for the next N months at minimum.
Also, paystubs are sufficient… Are there judgements/liens attached to their paychecks? You don’t know, because you haven’t seen their credit file!

No bank statements, no credit file, no lease.[/quote]

I meant paystubs ARENT sufficient…

And yes, I sound totally paranoid about this. But hey, Andy Grove once said, only the paranoid survive.

I rather you come back here and tell me you were totally paranoid FLU, and didn’t need to be…..

..then you to come back here and say, damn I’m screwed and I wish I pulled their credit file first….