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I think I just lucked out. Both of my current tenants were in their previous places for 5 years or longer.
Tenant #1 was moving because they needed a 3 bedroom as two kids (boy & girl) had been sharing a bedroom. This tenant has paid her rent on the 25th (before the 1st) every payment for a year now.
Tenant #2 was moving because their rented house was sold and also, the guy's brother has lived across the street from my rental for 7 years. This family has paid on time every month.
Although I state 650 Fico score is required, that is to prevent the lowest of the renters to simply not apply. I based my decision on past renting history and my gut feeling after meeting the people. I also consider their employment history and in my case, my tenants have good jobs with longevity. In both cases, I just deposit the rent, pay my mortgage and store the excess in my bank account.
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