Updated over 5 years ago on . Most recent reply
Renting to guarantor
Do most of you trust a guarantor when finding a tenant even when guarantor have income=80x rent. Prospective client is renting as a guarantor for mother in law to live nearby him, proposing to do a 2 year lease, mother in law who will be the occupy is retired so all credit check and income is based off daughter and son in law. Not feeling comfortable but this is the only offer for now, please advise
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- Real Estate Broker
- Cody, WY
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I don't see why this is a problem. The elderly woman will probably be low wear-and-tear. Most elderly people are responsible and won't trash your place, hold wild parties, flush tampons and toys down the toilet, etc. They have enough life experience to know how to change a lightbulb or flip a breaker.
The issue I have is when parents want to cosign for their kids that are immature and irresponsible.
- Nathan Gesner
