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Updated over 7 years ago on . Most recent reply

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Peter K.
  • Real Estate Broker
  • Raleigh, NC
69
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174
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Tenant application requirements? What would you do?

Peter K.
  • Real Estate Broker
  • Raleigh, NC
Posted

So I have two brothers that submitted an application for a property: one of them qualifies based on the requirement, the other does not, he makes about $1000 net a month when the minimum is somewhere around $2400 net monthly income, but combined they bring in enough to meet the minimum.

My question is, can the other brother who is qualified be a "co-signer" even if he is going to be living in the same place? Maybe I'm using the co-signer thing wrong here but what would you do and what are your recommendations? 

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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Replied

the required monthly income is generally the combination of the legal adults on the lease 

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