no history
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no history (by becky [OH]) Dec 6, 2017 3:35 PM
       no history (by Deanna [TX]) Dec 6, 2017 3:50 PM
       no history (by Nellie [ME]) Dec 6, 2017 4:26 PM
       no history (by plenty [MO]) Dec 6, 2017 5:25 PM
       no history (by Vee [OH]) Dec 6, 2017 6:45 PM
       no history (by BRAD 20,000 [IN]) Dec 6, 2017 10:36 PM
       no history (by Lynda [TX]) Dec 6, 2017 10:44 PM
       no history (by Livethedream [AZ]) Dec 6, 2017 10:51 PM
       no history (by AllyM [NJ]) Dec 7, 2017 3:22 AM
       no history (by WMH [NC]) Dec 7, 2017 3:52 AM
       no history (by myob [GA]) Dec 7, 2017 3:55 AM
       no history (by Andrew [ON]) Dec 7, 2017 6:01 AM
       no history (by Robert Phaedra [NY]) Dec 7, 2017 10:50 AM
       no history (by Barb [MO]) Dec 7, 2017 12:10 PM
       no history (by Ray-N-Pa [PA]) Dec 10, 2017 10:06 AM

no history (by becky [OH]) Posted on: Dec 6, 2017 3:35 PM

I have a couple just out of high school couple years ago... no rental history, financial history etc. Do you require a co signer or just tell them they have not been able to meet the requirements?

ALSO, what is your formula for the required income for renting one of your rentals? So many times rent? Gross or net


no history (by Deanna [TX]) Posted on: Dec 6, 2017 3:50 PM

I'd probably pick one thing they're shaky on. "Things look good, except I need you to work on x. After you've taken care of x, please feel free to reapply."

X might be "more income", or "more rental history", or "better credit score", or whatever. But rather than saying I need x, y, and z, I give them one thing this time. If the other bits haven't improved the next time I see them, and they've taken care of x, then I'd tell them they need to work on y. But I only give them one thing at a time.

no history (by Nellie [ME]) Posted on: Dec 6, 2017 4:26 PM

We rent to people with no history all the time. They are students. We do not require co signers. We do not require the whole semester or year upfront. It works for us. Our criteria are quiet, no loud parties, pay the rent on time, respect other tenants and take care of my property. It is working for us. The only time we had a problem with last month's rent was when the lease was in dad's name and he paid the rent. Apparently didn't trust his son to not have damaged the apartment.

In your case the income/rent ratio is important as is the credit report. 20 year olds frequently have used credit. Car loans, credit cards, student loans. Read the details of what they owe or don't owe. A payday plan might work well if they are just learning to budget. Some companies will allow a direct deposit to a second account.

no history (by plenty [MO]) Posted on: Dec 6, 2017 5:25 PM

It would hard for me to turn over keys to a single family home to such young people. For an apartment b i could do that, id want to see two month's bank statements from each. Money in and money out. Are they responsible with their money? And if they debt transactions it will show me where and for how much. --66.87.xx.xx

no history (by Vee [OH]) Posted on: Dec 6, 2017 6:45 PM

This would be a good candidate for 8 months prepaid, if a co-signer appears be sure they own property in your jurisdiction or you will only be chasing more frogs.

no history (by BRAD 20,000 [IN]) Posted on: Dec 6, 2017 10:36 PM


Our screening criteria requires a LL reference.

I don't want to be their first LL. Each time I've looked past this I have regretted it later.

There are plenty of LLs who WILL take them. Let THOSE LLs deal with the odd things first timers do.

As good managers our job is to find the solid renters for a solid business.


no history (by Lynda [TX]) Posted on: Dec 6, 2017 10:44 PM

Hard to believe someone THESE DAYS has no history. If they bought a used car, or have a cell phone that they pay for, or ANY kind of a credit card--they have a history. They are @20 years old now, they shd have something.

no history (by Livethedream [AZ]) Posted on: Dec 6, 2017 10:51 PM

I had a young couple a few years back, first love and all, couple years out of high school. She was a lifeguard for the City. He managed the Subway. Both local families. Both in the community college. Rented them a newly remodled unit.

The relationship lasted about 9 months, then she moved home and off to university in the fall.

He stayed another 18 months or so. Had a roommate for a couple of months (authorized in advance, paid extra) one summer. Finished his AA and moved to Vegas for a better job. After two plus years left the apt pretty much wipe down clean. Took like part of an afternoon to flip it, including carpet cleaning.

He even sold me like a $2,000 leather sofa for 100 bucks as he couldn't move it. Used it in my house, then gave it to one of my senior tenants last summer as she needed a sofa, and keeps her place spotless.

Then after several years he called to ask if I'd give him a reference for a new apt. I was happy to.

I know I was lucky, but it taught me that not ALL teenagers are rotten future felons! Most, but not all. ;)

Check their families, facebook and employers.

no history (by AllyM [NJ]) Posted on: Dec 7, 2017 3:22 AM

Three times the rent. I am renting to a couple like this. They make one K over the required three times the rent. Another couple does not and their grandmother co signed. She is a long term tenant.

no history (by WMH [NC]) Posted on: Dec 7, 2017 3:52 AM

I don't mind being someone's first landlord. They haven't been "trained" by a bad LL yet. Clear expectations are important as they are with all tenants.

Had a young couple downstairs, their first apartment. Lived there 3 years, got married and bought a house. Darn. --173.22.xx.xx

no history (by myob [GA]) Posted on: Dec 7, 2017 3:55 AM

Are they the ones telling you they have no histroy? Everyone gets an applicant paid for credit check. Many say OH i have no credit-- yea right. They may mean I have NO GOOD credit.

Our first look at these 2 would be where they work and for how long? Can they get you a co-signer parent? can you get more deposit out of them?

Income needs about 3 times rental amount.

Now a days-- make sure they are who they say they are. Look over pay checks with a magnifying glass and their ID's.

no history (by Andrew [ON]) Posted on: Dec 7, 2017 6:01 AM

In ontario a prospective tenant is only legally required to have 1 (one) times the monthly rent in monthly income....yes you read that correctly.

As a consequence, ontario landlords are learning they cant take chances on marginal tenants.

Further, renting to a tenant with no history would be discriminatory to those applicants who have provided a history and been rejected. Screening proceedures must be consistent.

no history (by Robert Phaedra [NY]) Posted on: Dec 7, 2017 10:50 AM

This was in 1984, so things were different then.

Just out of college me, (19),no rental history or credit history. I had a car, but it was a gift from my mom. I was starting a new job, but it was in a city far from my hometown, so I needed a place to live. It would be a month before I got paid, so I didn't even have a bank account. My mom paid the first and security. Gave me money to live on until I got paid. I was lucky she was able to help me.

I rented an apartment in a large apartment building. As I recall, I had to give them my work info and pay the move in fees and that was it.

I lived there for three years and always paid rent on time. I lived in my next apt. for seven years, and four the one after that. Then bought a home. I was never asked for a landlord reference, or for more than where I worked for any of the rentals.

no history (by Barb [MO]) Posted on: Dec 7, 2017 12:10 PM

I'm the first time LL for a lot of people. They often have no credit.

I use Clearnow to collect their rent, which helps them build that credit history. Monthly inspections (to check the smoke detector, check under the sinks, change the furnace filter) are very important. Helps to be sure no unauthorized pets, residents, etc. Remember to count the toothbrushes when you check under the bathroom sink for leaks.

It lets me train them to be responsible - like, always email or text me when you have a leak. Don't expect an instant reply - I may be in a meeting. Water shooting out of the wall is an emergency. etc.

no history (by Ray-N-Pa [PA]) Posted on: Dec 10, 2017 10:06 AM

Perhaps they don't have credit yet - but they have a history. Lets see how well they did in school. Did they also have a job in school?

A co-signer might be in order for the first place. If mom and dad say no - I would have heard enough.

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