Renting without income

[Anonymous]

Anonymous wrote:Thanks from OP. I am moving to a city where I have some support (friends, a relative, prior work colleagues). I have to move because our lease is coming due at the same time our divorce will finalize and my children and I need a home to sleep in. I am moving before I have a job because of this. I can’t get a job and then have them say “great, start in two weeks” and then move myself, kids and pets across the country without a rental or daycare in place.

Thanks to those who gave input. I am hopeful I can find a landlord who is amenable to paying up front or having my parents co-sign if needed.

Leave the kids with dad and rent a room or stay with family till you are settled.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Thanks from OP. I am moving to a city where I have some support (friends, a relative, prior work colleagues). I have to move because our lease is coming due at the same time our divorce will finalize and my children and I need a home to sleep in. I am moving before I have a job because of this. I can’t get a job and then have them say “great, start in two weeks” and then move myself, kids and pets across the country without a rental or daycare in place.

Thanks to those who gave input. I am hopeful I can find a landlord who is amenable to paying up front or having my parents co-sign if needed.

Leave the kids with dad and rent a room or stay with family till you are settled.

Not an option. I have primary custody. He does not want it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thanks from OP. I am moving to a city where I have some support (friends, a relative, prior work colleagues). I have to move because our lease is coming due at the same time our divorce will finalize and my children and I need a home to sleep in. I am moving before I have a job because of this. I can’t get a job and then have them say “great, start in two weeks” and then move myself, kids and pets across the country without a rental or daycare in place.

Thanks to those who gave input. I am hopeful I can find a landlord who is amenable to paying up front or having my parents co-sign if needed.

Leave the kids with dad and rent a room or stay with family till you are settled.

Not an option. I have primary custody. He does not want it.

Its always an option.

[Anonymous]

Landlord here. I had a tenant like this. She included a letter from the ex documenting spousal support, and that was enough to cover the rent. He was an attorney and wrote it on letterhead so I accepted it as trustworthy.

The other option as others mentioned is to offer to pre-pay 3 or 6 months of rent in advance.

Smaller landlords are more likely to be flexible.

[Anonymous]

I had my ex co sign the lease. Are you getting child support or alimony? You are probably entitled to both and that does count as income for this purpose.

[Anonymous]

Seems like you have read many applications and yes, most of them go on and on about income and rental history.
I sent them my investment account balance and they told me to come and sign for the place asap. After 2 year I needed a bigger apartment and again places went on and on about $80k income for 1-bedroom. I sent the investment account statement and they said that was sufficient.
Another place took my SS survivor's benefits payment in account and third place said they don't actually even check the income.
Alimony, child support, and investment account money should me enough.

[Anonymous]

I work for a property management company and we approve applicants with either 3x income OR 10x rent in assets such as showing 3 months of bank statements with an ending balance of 10x the rent. Those who don't qualify that way either get a co-signer or co-occupant (who often doesn't actually move in, they are just on the lease and use their income to make up the difference).

I think you'll be ok OP, just ask for their guidelines before paying for any app or admin fees since those are typically non-refundable.

[Anonymous]

Anonymous wrote:If you offer to pay a year up front, they will be happy to rent to you. Don't let your ex co-sign.

Dumb idea, then LL has no incentive to fix anything in a timely manner.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you offer to pay a year up front, they will be happy to rent to you. Don't let your ex co-sign.

Dumb idea, then LL has no incentive to fix anything in a timely manner.

Yeh but this is what happens when you are divorce have no income and are an undesirable tenant

[Anonymous]

I had a tenant who was recently divorced and was in debt because of it. She used her parents as cosigners. Wasn't a big deal.