You have three people who want to rent your house. You talk to them on the phone and they fill out a rental application.
To which person do you rent your house?
a) Family of four. Father is retired military. Makes north of 90 grand a year working for a defense contractor. Has a security clearance, one of the conditions of which is the requirement to pay rent on time.
b) Young guy with pregnant wife. When he asks about the rent, you tell him it is $1600/month and that you want the equivalent of a month’s rent as a deposit, as well as the first month’s rent in advance. He says, “So that’s what, $3400? He fills out the application and makes $11/hour at McDonalds.
c) Fifyish couple moving to the area for new jobs in academia. They have sold their house and want to live in the area for a year before they buy. They had paid off their mortgage on the house and aren’t used to making monthly payments, so ask if it is okay to go ahead and write a check for the whole year’s rent in advance.
Who do you rent to? Explain your answer.