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Updated about 6 years ago,

User Stats

6
Posts
0
Votes
Jan Upande
  • Investor
  • Plano, TX
0
Votes |
6
Posts

Renting to someone with an ITIN

Jan Upande
  • Investor
  • Plano, TX
Posted

Hello Friends,

Want to know your advise about renting to someone who is a single Hispanic mother with 3 kids. I have 2 questions:

1. The mother has an ITIN (issued in 2010) and does not have a Social, but  has a 18 year son who has a Social Security number. Does this pose bigger risks in terms of complying with the law or eviction?

2. The combined income is $4500 while the rent is $1500, BUT the Son (who is 18) Makes 2800$ per month at a small roofing company while the Mom makes $1700 per month. This seems risky to me because I fear that the Son is so young and can get laid off anytime. What are your thoughts about risks in this scenario?

Should I pass or rent to them for 6 months given that its holiday season and finding good renters is tough. Many thanks for your advice!

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