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Do you know for a fact that the person claiming to be the owner is the owner?
I require a SS number so that I can run the background check. That other apartment will likely come up on the background check. What is your DTI ratio with paying rent on two places?
DTI ratio?
Current apartement is paid by family and the one i am about to rent is going to be paid by student loan and part time job that i am going to start in about two weeks.
I'm a small landlord and I run background checks, but I use a service that the prospective tenant interacts directly with (i.e. they don't give me their SSN, they put it right into the website). However, background check services come in many different forms so it doesn't surprise me that they asked for it.
Wow, i wish he used service like that. He is local doc who went to my school and prefer students from our school. I would assume he knows what he is doing but still though. Also, he has given out his office email so i dont know who else from his office can access this application you know. People who i am going to roommate with probably thinks i am making big deal about it.
Current apartement is paid by family and the one i am about to rent is going to be paid by student loan and part time job that i am going to start in about two weeks.
Sorry, what oregonwoods already said. Basically, take all of your fixed monthly expenses and add them together. Divide that number by your gross income. That is your ratio.
Personally, I use my net income when calculating my ratio as I like to have hotdogs with my ramen noodles i.e. a little financial cushion is a great stress reliever.
When I look at an application, I need to see income that equals 3 times the monthly rent or more. Then when I pull the applicant's credit, I can see what other monthly obligations they have. If it's too high, they get rejected.
A good rule of thumb number to shoot for is to have your DTI ratio not exceed 40%. For example, If you make $10,000 gross a month, ideally your fixed outgoing expenses don't exceed $4000/mo. Since your net would be around $7000/mo, that leaves $3000/mo for car insurance, cellphone, food, utilities, etc.
If you're worried that he wants to find out information about you and possibly steal your identity—he'll be able to do it with other means than your social security number.
Has he asked to see your driver's license, so he can actually see you aren't lying from your end? Are you planning to get up in arms if he asks to see it and make a photocopy?
The OP shares how he and a bunch of people he met on FB want to rent a house. Unless the landlord is facing a tough market, I can't imagine the OP and his FB friends making the short list.
I can tell you what I do when I get a rental inquiry with this profile. I say I'll be in touch. Funny thing is that the touch never seems to be.
If you're worried that he wants to find out information about you and possibly steal your identity—he'll be able to do it with other means than your social security number.
Has he asked to see your driver's license, so he can actually see you aren't lying from your end? Are you planning to get up in arms if he asks to see it and make a photocopy?
Lol i dont care if he ask for my license and make copy of it.
The OP shares how he and a bunch of people he met on FB want to rent a house. Unless the landlord is facing a tough market, I can't imagine the OP and his FB friends making the short list.
I can tell you what I do when I get a rental inquiry with this profile. I say I'll be in touch. Funny thing is that the touch never seems to be.
Haha, we aren't shady peope like you are thinking. We are future healthcare professionals, we have been to extensive backgroud check before we started our respective program. He has lot of people want to get his place but he prefers us.
Wow, i wish he used service like that. He is local doc who went to my school and prefer students from our school. I would assume he knows what he is doing but still though. Also, he has given out his office email so i dont know who else from his office can access this application you know. People who i am going to roommate with probably thinks i am making big deal about it.
I can tell you right now most LLs will want personal info. The reason its wanted it isn't to steal credit. There are plenty of anonymous ways to get that type of info for someone who chooses that lifestyle. For me I'm basically giving someone I know pretty much nothing about the keys and occupancy to 1/2-1+ million dollars of property. You can bet I want to know who that person is. Or as much as I can.
Quote:
Originally Posted by NXTMD
Haha, we aren't shady peope like you are thinking. We are future healthcare professionals, we have been to extensive backgroud check before we started our respective program. He has lot of people want to get his place but he prefers us.
Its not about shady. It's about being sued for not applying the same requirements from every applicant. It's applying the same process to every applicant or tenant. It's about protecting a investment someone made. It's nothing against you personally
Quote:
Originally Posted by NXTMD
DTI ratio?
Current apartement is paid by family and the one i am about to rent is going to be paid by student loan and part time job that i am going to start in about two weeks.
And if your family stops paying or you lose your job your DTI will be a factor. Dude a LL has to look at EVERY angle because if they don't it's just that much harder.
Last edited by Electrician4you; 07-25-2017 at 05:02 PM..
Haha, we aren't shady peope like you are thinking. We are future healthcare professionals, we have been to extensive backgroud check before we started our respective program. He has lot of people want to get his place but he prefers us.
Never thought you were shady. I personally believe the fewer the occupants the better so far as wear and tear goes, all other things being equal which they aren't always. My apologies if I offended you.
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