Qualify first time renters

[Erik W.]

I manage what I call "Class C" homes defined as "clean, safe, and functional."  These are not fully rehabbed and may be somewhat dated, but for someone on a budget they can be an excellent choice.

I often get a lot of contacts from peoples who are first time renters.  Often young, no credit, no land lord history.  Normally, I require good in one of those areas (credit or LL).  Criminal has to be clean and jobs/income have to be stable (6 months or more at current job, and 1 year minimum at past job) and sufficient (minimum 3x rent income).

Do any of you accept folks with no credit (not bad credit...NO credit) AND no land lord history, and if yes, what do you require to ensure it goes well?  I usually require a co-signer who is rock solid (awesome credit, squeaky clean background, owns local real estate, 6x the monthly rent minimum).  Any other options you have tried that worked out well?