My husband and I are in the process of finding tenants for our first true investment property (second rental). I’ve had two inquiries but only one who has responded to my prescreening questions so far. In my ad I am clear about my requirements (3x rent, no pets, no smoking, credit score 650 or above...). In her response she said that she has an ESA and her roommate has a dog. She also said that since they are young they meet the income requirements but may not meet the credit criteria and asked if we accept co-signers.
We have never done a co-signer before, so I’m torn if that would be a good idea or not. If we do I would want to verify income, and do a credit check but I’m not sure what income level we would look for.
Wondering if we should pass since they technically don’t meet two of the criteria (I know can’t deny due to ESA). Or I’m wondering if the co-signer seems reliable if we should be flexible on the dog part and require a non-refundable pet deposit and pet rent. Or wondering if we should do twice the security deposit if not meeting credit criteria?
Thanks everyone for any advice you have!!