Hope for a timely advice here:

So I received 2 applications:

I decided to take one with 6-month, solid finance and record 778 credit, retired 60, in same neighborhood who will have work on the house

One was very interested for 1-year with a bankruptcy 650 credit but high income ie 140k for a single divorcing some debts no pet

The neighbor one changes his mind to 3-month. I now offered the 1-yr as she requested to let she knows if this falls out. She is now being offered with 2 others. She will decide and let me know tonight.

I’m thinking I should let the neighbor know what I’m considering .. but I don’t want a bad impression even though I felt he had. I never let him know that I had other application. I wanted to keep things separated not a typical sale person. What do you suggest I do?

If she select another rental then I would rent him for 3-month. If she wants to rent us then I would rent to her.

Rent the place to whomever you want. If they start changing the terms that is up to you.

Look out for your best interests.

If you do not allow animals then don't consider the other guy.

You need to be in charge not the tenant.

If someone only wants to rent for three months, and that's after changing their mind from six months, and they have a cat, I would not want to rent to them. And if I did, I would want 4x the rent amount for this short term plus the extra animal rent and deposit. I see this three-month guy as a problem. Plus, he's a LL?

The one-year lady also seems to not know what she wants and doesn't pay her bills. Is this the type of tenant you really want?

Are there no better prospects that you may get?

6x6 you do not have the experience of a lot on this board. You do not have the 20 plus years in this as even I do.

What you do have is the knowledge that you have gleaned from the people here.

When I went to last years con Jeffrey had everyone introduce themselves. In my impromptu intro I admitted that before I started learning from this site I didn't know what I didn't know.

Colleen,

Selling is a transference of belief. If you believe in your criteria and policies, and speak with confidence, THEY will believe you.

Look back on the encounters. You might be sending subconscious signals making them believe they can change the rules.

Most people will go along when they "feel" the rules are the rules.

Also, some people just like to hear themselves talk.

Thank you all and appreciate reading this morning! :)

I am at a square one at the moment, and maybe okay. I just need to make a best decision.

The lady with bankcruptcy decided to rent with the other next day although she commented she loves my home ..

Learning:

Her bankcruptcy will be cleared in November after 7 years .. I never consider a bankcruptcy before nor knows one so I knows nothing on this. I read the other recently thread on this. I should learn this going forward if a specific case of this is not off the table - yes?

The LL neighbor who wants to rent a short term came back open to whatever a period term that I select between 3-6 months. I thought over and decided to have 4-month instead. I thinks June would be a better time than August for a turnover. The 3/4-month rate is a bit higher but very reasonable (how I priced)

In my contract, I asked 7.5k (first, last, security, fee) to be Zelle from multiple banks over 3 days. I have a contract start today and have he move in today (time is of essence for him) with the first 2k (his Zelle daily limit). I was willing to provide a document/record for a legitimate owner. He came back that he is not able to Zelle for 3 days with 2k daily limit or what if something wrong with transaction. I also don't sign until I received all funds so he wanted a Letter of Intent. Initially, he wanted me to sign first before his initial funding LOL. I never done that before for 20 years as a LL.

I can understand that he wants no risk, but I have bend quite a lot my normal to work for him. He seems to be a person who must have control, wanted his term period, his price by requesting discount, wanted his language .. and permits a cat that I didn't intent to. He convinced me that the cat is clean. I asked for the cat medical record/report and he silent as if I am asking much so I waived. He is a LL after all but this is my home.

I can provide him my current/past tenant contacts for reference but I do I really want to. My past tenant had her son Zelle to me when she had the transaction issue. She came up with that solution. Another tenant (military) Zelle me over 4 days before I sign the contract.

If I do a Letter of Intent then I would charge him $100 for my time. He probably not be happy with the fee so that set off a wrong way for him. He is likely nitpicking the content of my Intent letter. I would have retain the deposit amount 2.5k if he changes his mind. If I changes my mind then I return all and subject a fee $300-500. He seems to come with several/much issues and wants me the person to solve.

At this point, is it worth it to work with him for the cash flow, or wait for another good candidate which I am not sure on a timing. I am not in a desperate finance situation, and negative cash flow is not good business overall.

Your husband has made a good decision.

I agree with Ken in that things would only get worse.

That guy was dictating your business.

You are putting way too much energy into things. Either they qualify or not. I don't go back and forth. That shows they can push ypu around.

Use this as a learning opportunity.

You have a house. You want $XX money for it you do not want pets and you want the place rented for XX period of time.

Now you have the base rules set. If a prospective tenant doesn't like any of these rules they can go elsewhere.