Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 over 11 years ago,

User Stats

254
Posts
28
Votes
Mary Joe
  • Investor
  • Brooklyn, NY
28
Votes |
254
Posts

guarantor or co-applicant situation, what to look for

Mary Joe
  • Investor
  • Brooklyn, NY
Posted

Can someone offer me advice as to anything in particular that I should look out for?

I am getting a new tenant, lease not yet signed, she does not make enough money, the rent will be paid by her father. Her father will not live in the property.

I suggested that both the tenant and her father are on the lease and both fill out the application form as if they both occupy the place. I run credit and background check on both. They are ok with my suggestion.

Is this a bad idea? what do most people do?

thanks
MJ

Loading replies...