Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Tenant Screening
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 about 3 years ago on . Most recent reply

User Stats

1
Posts
0
Votes

Single applicant vs co-applicant vs guarantor

Teo De Las Heras
Posted

1st time landlord here. How do you weigh co-tenants credit score and employment? Should each co-tenant qualify individually? We're requiring minimum 600 credit score and monthly salary that is 3x monthly rent.

I have 8 applications that qualify. 3 single tenant applications qualify with income and credit score. The other 5 have one applicant that qualifies the other doesn't. Seems like there would be less risk to have 2 on the lease but if only one of the two could afford the unit themselves...should I weigh their application higher / lower than a single applicant that meets all the criteria?

Loading replies...