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Robert Riche, Real estate sale representative (Rent For Free Private Company)

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Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I find most do not ask as it is really worthless. I would rather see you have a good job than a co signor

Nov 14, 2016 09:35 PM
Ambassador
2,435,649
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Here, a co-signer is usually only required if the person renting has low credit, no rental payment history, is a first-time renter, or has some other issue. Good luck!

Nov 14, 2016 06:41 PM
Rainmaker
5,104,806
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Only if the landlord feels you are not to be trusted with your obligation to pay rent

Nov 14, 2016 10:27 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

A co-signer?

Hmm, if you are 12 that would be expected.

If you are 35 that would, and should not be, expected.

Of course you know this requirement is to identify someone important to you to go after should you prove to be a rogue renter.

Like all things real estate, this may or may not be negotiable depending on the owner or management company.

The real question that must be asked and understood by you is, "Should ANYBODY co-sign for someone else and potentially inherit a financial mess?" The reality is, "It's not about you, but the potential victim, the co-signer."

Nov 14, 2016 08:40 PM
Ambassador
3,344,906
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I am with Nina Hollander on this. 

Nov 15, 2016 08:45 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

It is rare that we ask for a cosignor. If the applicant isn't credit worthy we move on.

Nov 15, 2016 04:33 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Robert Riche I don't believe this is the norm. If the landlord wants a co-signer, there must be a good reason.

Nov 14, 2016 10:21 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

if you don't qualify for the rent and/or your credit is not up to par, I would expect you to need a cosigner....

Nov 14, 2016 08:50 PM
Rainmaker
911,228
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Co-signing is not a good practice in real estate. Applicants should improve their finamcial and credit postion to the point where no co-signer is needed.

Nov 14, 2016 08:04 PM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Your parents would work.

Dec 14, 2016 05:57 PM
Rainmaker
4,935,551
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow, If I just moved to a new state how would I have one?

 

Nov 15, 2016 11:19 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I don't do that.

Nov 15, 2016 12:17 PM
Ambassador
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Not if you have good credit, proof of income, and no history of eviction.

Nov 15, 2016 09:01 AM
Rainer
66,409
Kartik Subramaniam
Adhi Schools, LLC - Rancho Cucamonga, CA
Market Analysis--Educational Content, Adhi Schools

Co-signers are more common in some cities than others. In NYC, for example, a co-signer is expected for most people without a substantial renting history unless they make X amount per year more than their rent is. Some landlords have no problem demanding someone make 40X in a year what a month of rent is to avoid a co-signer, regardless of credit and savings. What I will say is that if you otherwise qualify and are not worried about the financial ability to make your rent payments, apply for the apartment and if they still need a co-signer, they will ask then. Applying without a co-signer should rarely hurt your chances.

Nov 15, 2016 07:30 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It depends.

Nov 15, 2016 03:55 AM
Rainmaker
1,502,848
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I've never required it.

Nov 15, 2016 03:16 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Why are they asking for a co-signer.  Are you under age or have bad credit?

Nov 15, 2016 12:20 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Robert,

I agree with Kat Palmiotti .  A

Nov 15, 2016 12:01 AM
Ambassador
5,048,708
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I don't this is common - it's uisually needed when the applicant does not have a strong work or credit history. I'd ask why is this needed?

Nov 14, 2016 11:32 PM
Ambassador
2,178,433
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

I agree with Kat Palmiotti .  The co-signor is generally only required on a high risk applicant.  

Nov 14, 2016 10:52 PM
Rainmaker
5,215,388
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

If you need a co-signer, you may not be a viable canddidate for me!

Nov 14, 2016 10:46 PM
Rainmaker
4,571,456
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

It's rare in my market unless there is no or a derogatory credit history.  Good luck.   

Nov 14, 2016 10:46 PM
Ambassador
5,228,997
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I would check your state laws.

Nov 14, 2016 10:45 PM
Rainmaker
1,725,896
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

I would keep looking for a landlord who will not ask for a co-signor.

Nov 14, 2016 10:17 PM
Rainmaker
2,781,013
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

You asked & answered your questions.. learn how to rise onward & upward

Nov 14, 2016 09:59 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

If the landlord requires it, you will need one unless you can negotiate something else.

Nov 14, 2016 09:57 PM
Rainmaker
1,153,794
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

You won't but your prospective tenant certainly will.

Nov 14, 2016 09:54 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Annette Lawrence , Palm Harbor, FL 727-420-4041 nailed this one!

Nov 14, 2016 09:00 PM
Rainmaker
900,008
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It's very common for students or young adults with insufficient income or for anyone with limited resources. If you're in that category, you may need a co-signer.

Nov 14, 2016 08:48 PM
Rainmaker
1,844,171
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Yeah, you must not have any credit or bad credit. That's normally what is asked of someone. You're lucky they are even considering you so do what you have to do to establish yourself.

Nov 14, 2016 08:48 PM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

That will be determined during the qualification process.

Nov 14, 2016 07:42 PM
Rainmaker
7,834,939
Roy Kelley
Retired - Gaithersburg, MD

Good luck.

Nov 14, 2016 07:12 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Send me an application and I will let you know.

Nov 14, 2016 06:39 PM