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Updated over 5 years ago,
Should I rent to these college students?
Hi everyone!
So I’ve prepared to rent our first purchase for October 1st. I’ve gotten a few applications, one of which were two college students. Had a pre-screening phone chat with them and they seem to have a good head on their shoulders. They were then screened through Cozy.co and have decent credit scores and lots of student loan debt, but nothing else very significant. They receive stepinds to assist with living expenses (this college doesn’t encourage students to work while enrolled) and have w-2s to support it. One of them works part-time as a bartender and is also providing a w-2 for that. With the stepinds and the part-time work they meet x3 the asking rent, but I’m worried bartending isn’t very consistent because it’s half cash based. Any suggestions? Should I consider them as tenants? Any advice really goes a long way!! Thanks!!