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Updated about 8 years ago on . Most recent reply
Landlords....What would you require in this scenario?
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!!
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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.