Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 7 years ago on . Most recent reply

User Stats

10
Posts
7
Votes
Bon Khator
  • Nutley, NJ
7
Votes |
10
Posts

Prospective tenants bad credit ; parents to co sign

Bon Khator
  • Nutley, NJ
Posted
Hi - I have a prospective tenant whose credit is not good but his retired parents are willing to co sign ; their credit is good, own their house and have income which should cover the rent pretty easily Does it make sense to have the parents co sign the lease primarily in the sons name or just have the lease in the parents name ? If latter, do they need to have a sub lease between them ? Appreciate any feedback..

Most Popular Reply

User Stats

477
Posts
476
Votes
Brian Schmelzlen
  • Accountant
  • La Mesa, CA
476
Votes |
477
Posts
Brian Schmelzlen
  • Accountant
  • La Mesa, CA
Replied

I don’t think it would be worth the headache. I would try to find a better potential tenant.

Loading replies...