Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
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 9 years ago on . Most recent reply

Account Closed
  • Property Manager
  • Big Bear Lake, CA
330
Votes |
585
Posts

Foreign Students

Account Closed
  • Property Manager
  • Big Bear Lake, CA
Posted

I just had 2 very nice Chinese students look at a house I have for rent. They want to rent it.

They speak very little English, but have a friend that can translate. They do not have a ss# because they are transfer college students and don't work. They say their parents in China will pay their rent for them. They are fine giving me twice the monthly rent as a security deposit. They offered me 3 x, but in California, 2x is the max I can take.

Here are the problems that I see off the top of my head:

I have no way to check any criminal history or credit w/o a ss#. But, they are young transfer college students, so I doubt there is any problem.

I have no way of checking on the parents in China and no way of enforcing rent from the parents.

I would really appreciate any feedback. Any of you have something similar come up?

Most Popular Reply

User Stats

3,280
Posts
3,064
Votes
Michaela G.
  • Investor
  • Atlanta, GA
3,064
Votes |
3,280
Posts
Michaela G.
  • Investor
  • Atlanta, GA
Replied

In order for them to have gotten a student visa, they would have had to have a sponsor - i.e. the parents guaranteeing their expenses.

They're choosing California, which is an expensive state, so I would think the parents would have some money.

There's a risk to their visa, if they were caught in some kind of felony, so I think the likelyhood of them destroying your property is smaller than with an American, in my opinion.

I also believe that Asian countries see honor and shame as much more important than the way American see it today. So, again, I would think that paying their rent on time is an honorable thing.

Just my opinion

Loading replies...