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Updated over 10 years ago on . Most recent reply

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Steve B.
  • Engineer
  • Portland, OR
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Helping a friend secure an apartment

Steve B.
  • Engineer
  • Portland, OR
Posted

Hi,

I have a question that apartment owners/managers may be able to help me answer. I'm trying to help a very good friend secure an apartment in Vancouver Washington, as that's where she works, her price range is around $750-$800 a month. Her credit isn’t very good and she makes about 50k a year. My credit is very good and I have a more than enough free cash to pay for any unfortunate contingency. If she stopped paying rent and left for a satanic cult it really wouldn’t affect my finances covering her lease breakage fee or missed rent. Now I have heard different things about being a co-signer, proactively providing a larger deposit, or signing up as a roommate. What is the best way to go about approaching the big apartment mega-complexes with this somewhat unusual situation considering they usually do things by the book.

@Marcia Maynard and others your expertise are appreciated.

Most Popular Reply

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Joe Fairless
  • Investor
  • Cincinnati, OH
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Joe Fairless
  • Investor
  • Cincinnati, OH
Replied

@steve 

@Steve B. if you are a personal guarantor and can qualify for the apartment then she should be able to rent it. I personally wouldn't cosign on a lease agreement for friends but that's another topic. 

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