Should You Allow a Co-signer for a Tenant?
Risky tenants need co-signers. You are considering whether or not to allow a co-signer for a tenant. Should you?
Is the tenant a marginal tenant in terms of income, credit score or rental history? Or criminal record? Generally, a lower income person might want or need a co-signer to prove that they can pay. I understand the tenant needs help, but are you willing to take the risk? If the tenant is too high of a risk by themselves, can you mitigate the risk with a co-signer?
Here are a few of my thoughts on allowing a co-signer for a tenant.
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