College Students- How do you get into an apartment?!?!

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Nutdotnet

Diamond Member
Dec 5, 2000
7,721
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Sorry if the title is misleading-

Anyway, I know some of you college students out there don't work and live in apartments. How do you do it?

I'm running into a little bit of a problem. The place I am trying to move into requires tenants to have an income three times the rental amount per month. I HAVE money, but I currently only work in the sumer (4-5 months out of the year, with some part time here and there).

I would have a roomate too, he works full time. However, he has no rental history. AND, while he is close he doesn't make three times the rental amount per month.

Do you guys/gals get co-signers? Is that even possible? Do most apartments have requirements like this? Sorry, I've had good rental history but I wasn't going to school during those times. And, for the last two years I was living in a trailer that I owned.

Any advice would be great!
 
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beer

Lifer
Jun 27, 2000
11,169
1
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Parents cosigned the lease. By doing so, they accepted responsibility in case my sorry ass can't pay. But that's not going to happen if I can help it.

To be honest, students are their own, without parental help or cosigners, ususally spend more time in the dorms for reasons like this. It's a sh!tty world out there.

Most predominately non-student-targeted apartments only require one leasee to have a cosign. Find a roommate who has a parent that can cosign, if they trust you enough. That's my suggeston, or look into student-apartments where they have different leasing arrangements.
 
Anubis

Anubis

No Lifer
Aug 31, 2001
78,712
427
126
tbqhwy.com
Originally posted by: Nutdotnet
Originally posted by: Anubis
parents pay for it as "part of tuition"
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I understand that....so do they put the lease in their name?
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no they just give me the cash. we dont need that have to have a job and make 3x the rent. we just have to have the money when its due. dude dosent really care where it comes from as long as he gets it
 
F

Feldenak

Lifer
Jan 31, 2003
14,090
2
81
Most leases around here only require that you make enough to pay the month's rent with 1 paycheck.
 
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CaseTragedy

Platinum Member
Oct 24, 2000
2,690
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if you get financial aid--and if enough of your roommates get financial aid, you will not need to cosign

 
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Nutdotnet

Diamond Member
Dec 5, 2000
7,721
3
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Originally posted by: CaseTragedy
if you get financial aid--and if enough of your roommates get financial aid, you will not need to cosign
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I do get financial aid. Scholarships and loans. But they treat the loans as debt. Understandable I guess.

Like I said before, my roommate works full-time. BUT he doesn't go to school and does not have any rental history.

My parents wouldn't have a problem co-signing. Maybe I'll see if we can do something with that.
 
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Ness

Diamond Member
Jul 10, 2002
5,407
2
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Originally posted by: TheShiz
pay a years worth of rent up front.
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While this is certainly a solution, there is always the chance that something may go horribly wrong and cause you to want to move out.

A better idea would be work out a situation where you pay 3 months worth of rent in advance, then still pay rent as if you hadn't paid anything. After 9 months, you don't have to pay for the remaining 3 (because you've already paid)

My friend's apartment manager agreed to this deal with my friend and he said it was actually a fairly good idea. 3 months is enough time to find a new occupant or for a tennant to find a new place to live if they miss a payment. If they DO miss a payment, the manager has to wait like... a month to legally get them evicted or something, and month after the notice before they can have them physically removed. I dunno, something to that extent. My friend researched it all, went in prepared when he talked to the mgr and the manager more or less couldn't say no. It DID help that it was a smaller complex, though. A large complex probably doesn't care to mess with people on a personal level like that.
 
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ScottyB

Diamond Member
Jan 28, 2002
6,677
1
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I never had to get a co-signer. I just show them my financial aid sheet and they say, "ok."
 
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Savij

Diamond Member
Nov 12, 2001
4,233
0
71
I know that everyone in my apartment had their parents cosign on the lease...ask whoever you're going to rent from and they should be able to tell you exactly what you need to do.
 
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dxkj

Lifer
Feb 17, 2001
11,772
2
81
My wife and I had to get a parent to co-sign.

Required: Proof of income of 3x the rent.

844x3 = $2532 a month

pretax thats $3376 = $40k a year income


Hehe, no dice. She has a 20k a year job, and I have a 15k a year job. Im still in school, she is first year out and just killing time until grad school. Unfortunately this was before the amount she was making was shown on her pay stubs so we really didnt have a choice.


 
Zorba

Zorba

Lifer
Oct 22, 1999
15,613
11,256
136
All the appartments here are all directed at college kids. None of the ones I looked at checked renters history, credit, income or anything. Basically they asked if you could pay and if you said that was enough for them. They are also real flexable with length of lease, etc. They all understand that to get college kids that is how you have to be, and in this town if they don't have college kids they will go out of business (students make up about 60% of the city's population.)
 
Turkish

Turkish

Lifer
May 26, 2003
15,547
1
81
Weird, I pay $510/month for my place and I don't have a monthly income... they didn't ask me anything :confused:
 
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WhiteKnight

Platinum Member
May 21, 2001
2,952
0
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Like has been suggested above; I'm a grad student and my parents co-signed my lease but I pay it.
 
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Wuffsunie

Platinum Member
May 4, 2002
2,808
0
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Folks cosigned for my roommate and I. If the area you're moving into is common for student housing in any way, the rental agency should be expecting and understanding of your folks cosigning. Provided at least your's or your roomie's has enough income to cover the rent.
 
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