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Updated almost 7 years ago on . Most recent reply

Potiential tenant wants to have her dad to co-sign!!
Over the course of 1 week I’ve had roughly 8 potiential renter leads. It is not listed on no platforms but I do have a For Rent sign in the yard. It’s a newly renovated 2bd/1bth and I have it listed for 795$ Per month. 795$ I believe is at the very top of the rental market in the area and most leads mention the price is too high.
I did do a showing today with a young couple in their late 20s and their expecting. They both have job and potential income for both monthly is roughly $2,400. They were excited about the unit and is willing to pay $795. Their income is kinda low and the woman has a prior eviction from 4 years ago.
I might be thinking to much into it but I’m not sure if I trust the potiential of the tenants and their ability to pay.
They did mention getting a co-sign from their father. How do I go about that when it comes to renting the unit to them ? Do I put the dad on the lease ? Or should I make a separate agreement for him ?
Most Popular Reply

If you're in a high demand market, I'd recommended holding off for a better applicant.
Tenants with co-signers can have less respect for a property- the fact they have an eviction on record means paying rent isn't their highest priority and the high rent-to-income ratio is a third warning indicator. That's enough to move on if you have better options.