I have been renting an apartment for about 2 years now. My mom initially had to cosign with me. Now that I have payed rent ontime (and other bills, water, power, etc that are in my name) will I still need her to cosign with me if I go to a new apartment complex?

[Edited on September 15, 2006 at 1:14 PM. Reason : f]

9/15/2006 1:14:11 PM

novicane you are a complete idiot - are you void of logic? - you didn't even list the name of the new apt. complex and to guess their standards is fucking ludicrous - you suck

nobody will be able to answer this except the new apartment complex - and to do that they will have to run a credit check

did you even think this through before typing

9/15/2006 1:15:25 PM

youre comign up short on the pwn lately. theres never any sting on it anymore, its just "blah blah - did you even think?" you know is bad when you could be replaced by a trollbot

9/15/2006 1:16:55 PM

doh

9/15/2006 1:17:50 PM

hahha you werent supposed to take it and cry, i was trying to light a fire under your ass. VIGOR

9/15/2006 1:18:59 PM

heh i will strive to make retards realize they suck!

9/15/2006 1:19:25 PM

youll need a cosigner if you cant prove income of more than 3x the rent.

9/15/2006 1:21:42 PM

9/15/2006 1:21:45 PM

Okay - the way this works without knowing anything-

If you don't make the appropriate salary and have a decent credit score, yes, you will still need a cosigner. Paying your rent on time does give you rental history though- this is valuable but wont get you into the new complex.

If you stay at the old complex, they may or may not require a cosign. When I moved in the first year at my place, we had to have a cosign. The following 2 years we did not, because we had established a rental history with them, and they knew we were good for it even though we didnt actually meet specs- but this was at the SAME complex, and it's a per complex policy.

short answer- yes, you will need a cosign most likely (99.9% sure of this).

9/15/2006 1:38:41 PM

the first reply post-to-pwnt ratio has declined this month. Your reply has added to its further decline into a possible state of depression.

[Edited on September 15, 2006 at 1:48 PM. Reason : d]

9/15/2006 1:47:32 PM

omarbadu's lame attempts to try to "pwn harder" by editing his first reply are hilarious

9/15/2006 1:51:38 PM

It likely depends whether it is a corporate complex or individually privately owned apartment. Any of the corporate type complexes will likely require a cosign on the initial lease if you don't meet their specs. Conversely a privately owned apartment is going to be more flexible (& actually look at who they are renting to). If you have show responsibility (previous apartment & credit), they would be much more likely to forget about not meeting the minimum income.

[Edited on September 15, 2006 at 2:00 PM. Reason : ]

9/15/2006 1:59:23 PM

much as i hate to agree w/ omar.. its hard to say w/o knowing the place....



... i mean, i had never made any huge purchase, never rented from anywhere, etc and had a piddly little job, when i got my first apartment on my own and i've never had to cosign for anything (yet)

9/15/2006 2:01:23 PM

Quote :

"omarbadu's lame attempts to try to "pwn harder" by editing his first reply are hilarious"

you should always try harder

Quote :

"OmarBadu (1:24) : i editted my post 'leg - closer? jackleg (1:32) : lemme check haha jackleg (1:33) : yeah much better. maybe next time call someone an imbecile aha"

9/15/2006 2:21:49 PM

Quote :

"did you even think this through before typing"

i'm gonna go out on a limb here and say, no.

9/15/2006 3:03:44 PM

i know it's been said before but say where you're moving. also, who owns the property? it really depends on the company. if you're not a student anymore some places wont allow a cosigner. i dont know if you are or not, i'm assuming you are.

9/15/2006 3:16:01 PM

I'll assume rent is a minimum of $500/month. Multiple that by 3 ... and you need a household income of $1500 gross per month ($18000/yr) ... or roughly $9/hr. See chart below for additional rent + income requirements.

Rent, Yearly Income, Hourly Equivalent
500 18000 9
600 21600 10.8
700 25200 12.6
800 28800 14.4
900 32400 16.2
1000 36000 18
1100 39600 19.8
1200 43200 21.6

Rent for me was $750 per month. I signed my own lease my senior year because I brought in my paycheck from my coop job, which paid more than what's list above. Roommate had to get a cosigner because he couldn't prove he made the appropriate amount per month.

[Edited on September 15, 2006 at 3:37 PM. Reason : hooray for spreadsheets]

9/15/2006 3:37:07 PM

I'd recommend finding a private landlord to rent from rather than go with a complex. You can probably find some grad student or something who is looking to rent out a room in his townhouse. I've had a MUCH better experience with my current landlord than with any of the complexes I've rented from. The complexes have kind of an "our way or the highway" attitude because they know there'll always be a new batch of suckers coming in. Private landlords, who usually live in the house too, seem to be much more reasonable.

And I've found that private landlords are much much less likely to require a cosigner.

[Edited on September 17, 2006 at 12:39 AM. Reason : add]

9/17/2006 12:38:50 AM

You are a private consumer if you have good rental history and get denied take your business elsewhere.

Also private landlords are definitely more flexible. If you rent a townhouse or condo from a private landlord they are generally a lot more motivated to work with a prospective tenant. There is no reason for your parents to be on your apartment at all unless they are the ones paying your rent.

I think you have been suckered by them telling you that you have to have a co-signer in the past, that is just part of the negotiations and they want to cover their ass as much as possible. If you have the money to pay for it and references they will usually work with you.

If apartments only rented to people with perfect credit, references, and a guarantor they would all be half empty.

9/17/2006 4:09:36 AM

Def. don't tell them you had a co-sig. in the past.

Since rent payments don't show up on a credit report (only a judgement b/c of them would), see if your current complex will write you a letter stating that you paid your rent early or on time.

9/18/2006 5:37:22 AM