Apartment Problems?

Are we going to run into a problem over the fact that I won't have a job over the summer? Will landlords not want to rent to us? I've never searched for an apartment while I was unemployed, so it's making me nervous. I technically still have a part-time job (if I decide to keep it, that is - I'm really hoping to find something better); we just don't work during the summer. Can I claim my student loans as income?

M, on his own, could qualify nearly anywhere. I'm just worried that I will end up making us not get approved. I know we'll have to fill out separate applications, but will landlords look at his income and attribute it to both of us?

7 comments:

stackingpennies said...

Pretty sure student loans aren't counted as income. I had to have a cosigner on my first apartment because I was a student with no income. If M can pay the rent all on his own, you should have no problems (even if he actually wouldn't be paying it on his own). The apt I just rented said that we (as a couple) had to gross 3x the rent in order to qualify. They didn't care who made what, just the total.

Jessica said...

I am also a law student; located in TX.

When my fiance, also M, and I shopped for a new apartment I did use my student loans in my income calculations. I just had to print out my financial aid statements from school to show what was going to be released to me. I also was not working at the time we were last looking since I was a 1L then, although I've since started working. We had no problems with approval.

My M could also have been approved on his own. I don't think my lack of income other than my student loans detracted from our application.

Moving on up! said...

Student loans are considered income. I used them on applications when I only worked part time in college.

Serendipity said...

Student loans and grants are income, I've counted it before. :) And if M can cover the rent on his own, you should have no problem. I know that when I didn't work Rambos income was enough for the both of us.

NetBizSavvy said...
This comment has been removed by a blog administrator.
paranoidasteroid said...

My parants had to be guarantors on all of my apartments in college because I didn't make anything.

But if M is making enough you guys should be fine. Usually they only care that total you are making the right amount of money.

Sunflowers said...

Ok, I think my worries have been eased a bit... Thanks everyone! :)

Copyright © 2008 - The Debt Chronicles - is proudly powered by Blogger
Smashing Magazine - Design Disease - Blog and Web - Dilectio Blogger Template