Thoughts on unique situation with Cosigner?

[Veronica Crass]

Hi everyone,

What are your thoughts on renting to this couple in this situation? They meet all our criteria except for their credit scores...but the cosigner has a good credit score.

- Joint application with Co-signer

- Male age 25 and female age 24, Co-signer is male’s father age 70

- Male and females combined net monthly income is $3311 (4 times the advertised rent of $750); the co-signer brings an additional income of $2469 to the table

- The male is just starting a new job with Amazon as a warehouse associate and the female is a custodian at a healthcare facility, with the employer just under a year. 

- They moved back to Ohio from Florida in fall of 2021 to be closer to the male’s family

- Cosigner lives 3 houses down from this property

- Credit scores: male and female applicants’ credit scores are terrible, at 499 and 449; co-signer is good at 745

- No evictions for anyone, No criminal record for anyone; No pets

- Male and female have 1 dependent

- Move-in asap

Would love to hear opinions about this unique situation! Thanks!