General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply
Tenants don't make income requirements but have a Guarantor
Hi! Everyone! I'm soo happy to have discovered this wonderful site! I'm a real estate agent and I'm helping managed or get good clients for my aunt. I'm somewhat an acting landlord on her behalf even though I ask her permission for everything. I found these nice tenants that are interested in the apartment. However they don't make a 40 times the rent the standardized income requirements in NYC. They really like the apartment and they passed my eyeball test. I checked their social media for anything negative or crazy. I'm a bit concern since they don't have the best jobs one works in restaurants and the other one is a actor. They have guarantors. The guarantors aren't tri state which I'm a bit concerned. Should I be concerned?
Most Popular Reply
Welcome to the BP community.
I picked up on your adjective, nice and hasten to warn you to do your due diligence.
The bottom line is that you must make this decision based on your head and not your heart.
On the other hand, you don't want to have your Aunt turn her wrath on you for miscalculation :-)
Good luck.