Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

279
Posts
105
Votes
John D.
  • Rental Property Investor
  • Allentown, PA
105
Votes |
279
Posts

Landlords....What would you require in this scenario?

John D.
  • Rental Property Investor
  • Allentown, PA
Posted

Potential tenants for the 2nd floor of a duplex are 20 and 19 with no credit/rental history.  I did confirm employment and background and both came back fine.  Neither prospect has worked for their employer more than a year and both are FT students.  I checked social media sites and those look clean as well (no partying, no meth labs, etc.)  One works FT and grosses $3500/m and the other only works PT and grosses $500/m.  Rent is $875 and property is in NJ.

Any and all opinions and suggestions are appreciated!!

Thanks all!!

Most Popular Reply

User Stats

10
Posts
3
Votes
Conor Lowe
  • Rental Property Investor
  • Springfield, MO
3
Votes |
10
Posts
Conor Lowe
  • Rental Property Investor
  • Springfield, MO
Replied

If they're splitting the rent down the middle, which one would assume. Then that means the lower income renter is paying $438 a month while making $500, leaving him with $62 to live off and all other bills. So I would turn them down unless he is getting financial support from family due to being a FT student, which he probably is. And if he is I would require the parent to co-sign and be financially responsible.

Loading replies...