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Updated over 8 years ago on . Most recent reply

Carol Venolia's profile image
Carol Venolia's profile image
Carol Venolia
  • Flipper/Rehabber
  • from Monterey, CA
  • Member since Oct 8, 2014
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User Stats

193
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117
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Carol Venolia's profile image
Carol Venolia's profile image
Carol Venolia
  • Flipper/Rehabber
  • from Monterey, CA
  • Member since Oct 8, 2014
Connect
Carol Venolia
  • Flipper/Rehabber
  • Monterey, CA
117
Votes |
193
Posts
General Landlording & Rental Properties

What's your experience with having a co-signer on a lease?

Carol Venolia
  • Flipper/Rehabber
  • Monterey, CA
Posted

Lately, several potential tenants whose income didn't meet the 1/3 guideline (monthly income should be 3 times the rent) have offered to have a co-signer. The idea gives me the willies, and so far I've declined to go for it.

But I'm curious if any of you have ever allowed a co-signer under such circumstances. If so, how did it go?

Thank you!

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