All Forum Posts by: Srinivas Prasad

@Richard  and all,

I was able to get more details about the young nephews situation.  The Nephews dad has ITIN and he is not a US Citizen. What document can we ask in this situation. Can a school letter with parents and guardian listed as tenant from current school which is out TX state is sufficient?  Is this nephews scenario something to worry about ?  Any thoughts... thanks. 

Thanks for all the inputs.  Along with credit reports, do you ask for bank statements or funding source or cash flows during initial tenant screening itself or as a follow-up? 

Hi, Young boy and girl friends tenants  planning to move-in together.  Both know each other for many years, in stable job for more than 1.5 years, together make 3x rental.   They have no savings and last 6 months bank statements show income= Expense every month. 

Girl: 700+ credit score, moving out of parents home and no loans.

Boy: 590 credit score and sharing rent with friends now. 

No savings to cover for deposit+rental before move-in... Red flag? 

Thanks. 

Appreciate the feedback, thanks a lot.

 Thanks Richard.  Great point on custody of nephews. Nephews and her brother are moving to Texas and brother is still looking for job here.

Girl's credit score is over 710, boy's 595. Girls family seem to know the boy for many years and Girl's dad got the job for the boy in Oct-2021, in the company where he is working for over 15years. Reason, they want move out but they want to stay close(5mi) to parents owned home.

Q: Can we have more than 1 co-signers, Dad, Mom and Brother?  What to look for in a multiple co-signer situation?  Is there a official custodiam document to ask for nephews situation?

Great points and thanks for the response so far.

 "tight rental market" - I meant lot of houses available for rent and not getting any applications.

Their income is verified directly from their employer and girl's Dad owns the home as she mentioned.

Hi, I have this situation where Boy Friend and Girl Friend both 21 years have submitted applications.

Girl Friend credit report is clean with 1.5 X Rent as income(Confirmed).  Stayed with her parents in their own home.  Now she wants to move out of parent home.

Boy Friend's credit report has 2 collections (2/2020 and 12/2020) reported by 2 apartments as joint account.  He started a stable job since Mid-2021, makes 1.5 x Rent as income (Confirmed).  He is not on lease since 2021, living with friends and he is not sharing current owner details of his existing apartment.

To make things complicated, she listed 2 young nephews as other occupants.  But her brother is not going to stay in the house!

Any recommendation on how to handle this?  Should I ask for Girl's to get her dad as Co-signer? or ask for 2 months deposit? or just say No and move on?  It's a tight rental market.

Should I be concerned about the old collections as he was not on stable job?

Thanks