Renting to young folks trying to get started in life

[Dana Williams]

Hello all,

We all have been there but when is it the right time to rent to young men and women trying to get started in life? I have a couple of 22 year olds looking at my property tomorrow afternoon but during the screening process, they did tell me they've never had their name on a rental property since they lived with their parents and not much of a credit history. Both have jobs, one makes over 3 times the rent and the other makes just under 3 times.

Would you all still put them through the application process and let that determine their approval or denial of renting?

[Steve K.]

If they make enough, most likely they will pay rent. Sure, put them thru the application process. Look at their debt and non paid debt and background, if any. You can tweak your credit qualification criteria based on how you feel, as long as your process is fair to other applicants as well. You can ask 2x or 3x upfront as security deposit, whatever is legal in your jurisdiction.