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I am a landlord for a small property (<5 units). I recently have begun receiving applications from international students for one of my listings.
I am very receptive to renting to international students, but am a little hesitant because I am not used to dealing with applicants who do not have a social security number.
What's the best way I can gather the information to properly screen these applicants so I can protect myself. What practices are typical to go about vetting these types of applicants?
Students? Ask you see their acceptance letter to the university and their passport and their student visa If it is not their very first semester, they should have a landlord reference.
Legal students do have a "social security" number. It is called something else (tax id number?), isn't valid for work, but it the same sort of numbers and you can get a credit report by running it. If they just arrived, you won't get much with acredit report, but if they are lying about how long they have been in the States, you might catch the lie.
My counsin who also an international student at Columbia Univ paid his rent a year in advance for his apartment in NYC. There are 5 places he looked they all require a year advance rent for international student or he/she would need a US resident guaranteer with 500k annual income to co sign.
Be aware that if they return to their country without paying, you have no recourse. Even getting a judgement against them will not prevent their returning to the US and ignoring it if they choose to do so.
My counsin who also an international student at Columbia Univ paid his rent a year in advance for his apartment in NYC. There are 5 places he looked they all require a year advance rent for international student or he/she would need a US resident guaranteer with 500k annual income to co sign.
Are there any legal ramifications for collecting 12 months of rent in advance? I'm in California and was under the impression that collecting more than 2 months of rent as security deposit was not allowed.
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