I own a house but I want to rent it.

Owner doesn't want college students to rent out his house?

  • So 5 friends and i found an amazing house for us to rent for our sophomore year in college. We went to a showing i met the realtor and talked a lot with her, we agreed to have applications and a deposit ready soon as she was ready. She talked to the owner and basically it seems like the owner wants to leave us as last choice for the house since there will be 6 co-tenants and multiple guarantors on the house and i guess it makes it more difficult for him. The agent likes us and believes we won't be a problem which i know we won't be, but i can see where the owner stands with issues of guarantees and who he goes to when there are problems with the house. What steps should we take now? We're thinking in a couple days to maybe offer an extra 1k dollar on the security deposit to make it a 6k deposit and also provide the income statements and credit report from one of our roommates whose father's income exceeds a million dollars. Possibly that will entice him more and make him feel more secure that we will be able to make rent and [ay any damages and problems etc. This process is all new to me! Any suggestions would help! What would make the owner more comfortable with college students in his house? we all go to a private university 10 minutes away in San Francisco.

  • Answer:

    I'll tell you why I wouldn't want to rent to college students, especially six of them. Because there will be damage to the house from partying. Here are some ideas, though... Extra deposit is always good. Gertrude had a great idea. Offer up the fact that you are going to hire a professional housekeeper who will come in on a regular basis. You will have the carpets professionally cleaned on a regular basis. You will send copies of the receipts to the property manager on a regular basis. Also offer up the fact that you not only wouldn't mind extra inspections, you would welcome them, and would fully cooperate with the agent in any way. You can even email the owner a couple of snapshots of the condition of the house every month just so he knows you're taking care of the place (since property managers find inspections time consuming.) Having Daddy Warbucks co-sign (if he's dumb enough to do so) might be enough to push this deal over the edge in your favor.

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Other answers

No steps you can take. Extra on the deposit is irrelevant. He can alwasy sue you for damages. It's not the money, it's the hassle. For him, it's too much risk.

Pascal the Gambler

No steps you can take. Extra on the deposit is irrelevant. He can alwasy sue you for damages. It's not the money, it's the hassle. For him, it's too much risk.

Pascal the Gambler

I'll tell you why I wouldn't want to rent to college students, especially six of them. Because there will be damage to the house from partying. Here are some ideas, though... Extra deposit is always good. Gertrude had a great idea. Offer up the fact that you are going to hire a professional housekeeper who will come in on a regular basis. You will have the carpets professionally cleaned on a regular basis. You will send copies of the receipts to the property manager on a regular basis. Also offer up the fact that you not only wouldn't mind extra inspections, you would welcome them, and would fully cooperate with the agent in any way. You can even email the owner a couple of snapshots of the condition of the house every month just so he knows you're taking care of the place (since property managers find inspections time consuming.) Having Daddy Warbucks co-sign (if he's dumb enough to do so) might be enough to push this deal over the edge in your favor.

Sagebrush Kid

The owner OWNS the house and does NOT have to rent to college students Age discrimination based on being under 25 is NOT illegal Discrimination based on # of prospective tenants is NOT illegal Discrimination based on NO visible means of support, necessity for guarantor is NOT illegal Offering a large security deposit may encourage LL to more seriously consider you

chatsplas

Sorry,but why should a father's income matter?, he's not going to be living there, it is the conduct and behaviour of those that are that matters. I wouldn't rent an 'amazing house' to students either as it's not likely to be an 'amazing house' when he gets it back! Only takes one of the six not to pull their weight or behave badly and you cannot gurantee that they won't.

groovymaude

You guys applying for a place to rent has been preceded by former college guys like me and many others that promised everything up front, cleaning the rental unit regularly and all the promises any college student would make to get into the rental unit. You guys apparently did not see Animal House. The landlord has. He also probably have children. He understand the broken promises made by teenagers. . After the college student get into the place the one with the most sense is over ruled by the party animals and the party begins. Loud noises every weekend, police being called by the neighbors, underwear on the shrubs. Cars taking up neighborhood spaces in excess where neighbors have no place to park in front of their houses. Car tires squealing at all hours of the night. Beer cans all over the yard to include the neighbors. To the poster about the girls and their fights, boys are just as bad. It has been my experience that if one of my property managers would rent to a group of college students ever again they are FIRED. You can not pay for the damages these guys will cause both in and out of the rental unit. You would be appearing in court as the landlord about noise nuisance, your former neighbors giving you looks that could kill. Your group might not be the norm, however, why would this landlord take the risk? The risk of damage goes down with the number of college kids renting. Six college students as renters you have got to be in a parallel universe if you think there will be no problems. These kids are already planning to have the girls over. This is the first time some of these kids have been away from home and not have to worry about the parents control and house rules. I hope this has been of some benefit to you, good luck. "FIGHT ON"

loanmasterone

You guys applying for a place to rent has been preceded by former college guys like me and many others that promised everything up front, cleaning the rental unit regularly and all the promises any college student would make to get into the rental unit. You guys apparently did not see Animal House. The landlord has. He also probably have children. He understand the broken promises made by teenagers. . After the college student get into the place the one with the most sense is over ruled by the party animals and the party begins. Loud noises every weekend, police being called by the neighbors, underwear on the shrubs. Cars taking up neighborhood spaces in excess where neighbors have no place to park in front of their houses. Car tires squealing at all hours of the night. Beer cans all over the yard to include the neighbors. To the poster about the girls and their fights, boys are just as bad. It has been my experience that if one of my property managers would rent to a group of college students ever again they are FIRED. You can not pay for the damages these guys will cause both in and out of the rental unit. You would be appearing in court as the landlord about noise nuisance, your former neighbors giving you looks that could kill. Your group might not be the norm, however, why would this landlord take the risk? The risk of damage goes down with the number of college kids renting. Six college students as renters you have got to be in a parallel universe if you think there will be no problems. These kids are already planning to have the girls over. This is the first time some of these kids have been away from home and not have to worry about the parents control and house rules. I hope this has been of some benefit to you, good luck. "FIGHT ON"

loanmasterone

The owner OWNS the house and does NOT have to rent to college students Age discrimination based on being under 25 is NOT illegal Discrimination based on # of prospective tenants is NOT illegal Discrimination based on NO visible means of support, necessity for guarantor is NOT illegal Offering a large security deposit may encourage LL to more seriously consider you

chatsplas

Sorry,but why should a father's income matter?, he's not going to be living there, it is the conduct and behaviour of those that are that matters. I wouldn't rent an 'amazing house' to students either as it's not likely to be an 'amazing house' when he gets it back! Only takes one of the six not to pull their weight or behave badly and you cannot gurantee that they won't.

groovymaude

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