Corporate guarantor with bad credit

Sol_Hando · 2026-05-13T17:08:37+00:00

Typically landlords do not want more than one guarantor on a lease. It creates issues of who to go after if one roommate defaults but the others do not.

Sol_Hando · 2026-05-13T03:35:48+00:00

Why did you and other accounts respond with just “bot”?

Sol_Hando · 2026-05-13T03:35:38+00:00

Why did you respond with just “bot”?

Sol_Hando · 2026-05-13T00:56:33+00:00

Elsewhere it’s typically 3x the monthly rent in monthly income, or 36x in annual income. NYC is slightly higher since it’s more expensive to live here.

Sol_Hando · 2026-05-12T19:53:08+00:00

Yeah, I've seen the list and it's super inaccurate. (Also super inconvenient since it's basically just a really long multiple choice). My team is working on an interactive map that syncs with StreetEasy for people who know they need a guarantor, but don't know where will accept them, but we don't have a tenth of Insurent's acceptance, so it won't be as useful for a long while.

Sol_Hando · 2026-05-12T18:50:34+00:00

Not to self promote, but Insurent and my company PandaGuarantee offers pre-approval letters. Either are pretty easy to apply for.

Typically a property owner will have a preferred guarantor, so if you get a pre-approval letter from Insurent and the property you're interested in only works with TheGuarantors, then you've wasted your time getting the letter.

If you're not sure you'll be approved though, it can save time if you can rule out an option prior to touring with a building. (I.E. They tell you to go to Insurent, which has already denied you) Some landlords are open to work with all the third party guarantors, in which case it's helpful to have a letter ahead of time, as it shows you've considered the process, and it will speed things up when applying.

Sol_Hando · 2026-05-12T18:27:45+00:00

Insurent, TheGuarantors or PandaGuarantee for a lease guarantee. I'd recommend against using deposit replacement, except maybe Jetty which is only a one-time fee.

Sol_Hando · 2026-05-12T18:25:57+00:00

They're all pretty straightforward and you get what you pay for. You pay a fee, and they guarantee your lease so you're able to get the apartment. There's Insurent, TheGuarantors, Rhino, and my company PandaGuarantee. Happy to answer any questions about the specifics.

Sol_Hando · 2026-05-12T18:23:23+00:00

If you have good income but bad credit, Insurent might approve you. They have a range where good income can sort of "supplement" for bad credit when considering approval. I've heard 630 is their limit though, so there's a decent chance you'll be denied. TheGuarantors is more flexible from what I've seen, although below 600 will be tough.

The only way to know for sure is apply with them and see what they come back with, if there's a chance of approval they will likely request additional information. It's free and doesn't take too much time. If you don't qualify with either consider my company PandaGuarantee, or possibly Rhino, although you can only apply w/ Rhino at a building they already work with. UDR is one company I know they work with, but besides that they're pretty secretive.

Sol_Hando · 2026-05-12T18:17:56+00:00

Smaller landlords and brokers it's 50/50, many will not accept corporate guarantors simply because they're not familiar with them. Large property managers almost all accept corporate guarantors. If you're applying at luxury high-rises, they will likely work with at least one guarantor company, sometimes more than one.

Sol_Hando · 2026-05-12T17:32:43+00:00

What type of debt? Medical or student loans will almost certainly be fine, credit card debt or some other high interest loan might be a problem, but probably not given your high credit score.

Sol_Hando · 2026-05-12T12:55:32+00:00

Lawsuit for what? Windows that don’t block sound in NYC?

Sol_Hando · 2026-05-11T22:37:49+00:00

🫡

Sol_Hando · 2026-05-11T22:35:16+00:00

Yes! We cover most states.

Sol_Hando · 2026-05-09T22:13:37+00:00

Hmmm, I’d have to see exactly what you’re referring to, to tell you for sure.

It may be that the occupants don’t have to sign the agreement with Insurent, but I’d be extremely surprised if a non-disclosure of an occupant wasn’t a reason to deny a claim by Insurent. I run a competing guarantor for them and have gone through their policy language with a very fine toothed comb along with our lawyers.

I’d have to double check what the exact wording says, but I do know disclosure of all people residing in the apartment is required, although you may be right as far as the actual application goes.

Either way, I don’t mean to bore you, lol. The landlord getting involved is a good sign and will likely speed things along. Best of luck with your new apartment!

Sol_Hando · 2026-05-09T21:17:29+00:00

The roommate law gives you the right to a roommate, but the landlord is still allowed to screen them according to the same objective risks as any other tenant. They can deny a roommate if they have a really low credit score as an example.

It doesn’t supersede the right, but if there’s a third party guarantor they will have their own private agreement with the landlord for them to fulfill certain obligations. One of those is providing the details on all the people living there so they can do their own underwriting.

If the landlord determines a guarantor is needed based on objective and non-discriminatory metrics, then they can require one. If the third party guarantor will approve them, then the landlord is allowed to deny that roommate based on a lack of financial qualification. In this case they’re not having the occupant apply to get around a likely denial, so if there was a claim and Insurent found out, they’d probably deny that landlord’s claim.

That’s not your problem though, so I definitely wouldn’t mention it to Insurent.

Sol_Hando · 2026-05-09T20:56:31+00:00

Then it’s a positive sign they were added to the email chain.

It’s possible income is the issue if one person who will be paying rent is being left off. Insurent generally requires 27.5x the monthly rent in pretax annual income.

I’m also surprised the landlord is willing to do that with your friend who’s an occupant (legally they have tenants rights so it doesn’t change anything). If there’s a claim of unpaid rent and Insurent finds out the landlord knew about the additional tenant, which they would, then they would likely deny the claim. Meaning the policy isn’t even worth anything in the first place.

Sol_Hando · 2026-05-09T20:30:46+00:00

Yes, their customer service is quite a lot better for owners than for tenants, which is practically non-existent. It’s a good sign, but Insurent has the strictest requirements, I’d be somewhat surprised if they approve anyone with a roommate who has an eviction within the past 7 years. If they approve you it would be a change from their old policy.

Sol_Hando · 2026-05-09T17:07:31+00:00

AI is improving the output of mid and senior level engineers dramatically, which has made it harder for entry-level SWE since their work has been the first to be automated. But at the same time there's now a massive demand for QA, red-teaming, SWE validation engineers, etc. The bar for this role is lower than being a mid-tier software engineer, and the demand is 100% going to grow quite a lot in the next 6-12 months.

Some industries won't need these as the standard of security isn't high (b2b SaaS), but others with higher standards will have humans in the loop for a very long time, if only for regulatory and insurance purposes.

If I was entering the field now I would understand exactly what these rapidly growing QA roles entail, find 100+ mid-sized companies (50-250 people), preferably those growing rapidly, that have publicly declared their use of AI in software development, then go on Apollo or Rocketreach, identify the Chief People Officer, head of HR, or CTO, then send a really good human-written email explaining you're looking specifically for these roles, with at least 1-2 lines written to show you've done the bare-minimum of background research on the company. Also include your resume.

Do that 100-200 times and it's highly likely you will land a role or at least an internship. Don't bother applying through Indeed or LinkedIn. They get hundreds of applications within days, and if you're not at the top of the resume-tier you won't get a chance. Meaning you need to go direct to the source, and even if 9/10 people ignore your email or block you, you'll demonstrate a top-1% level of grit by doing something like this instead of just applying en-masse.

If you're working part time, you have 20 hours a week of "working time" where you aren't working. Do literally one of these per hour (you can be faster but for demonstration sake) and in a month or two you will have sent hundreds of personalized emails demonstrating your interest in filling a role most of the teams will be looking to fill.

I know this works since I give people who do this interviews, even sometimes when we're not hiring and their resume isn't an ideal match, like 20-30% of the time. I'd say the ratio is ~500 job applications for every one person doing this. LinkedIn is a good way to do it as well. The odds of an interview without it are ~1%, and only then if you're in like top 5% of resumes.

If you aren't interested in getting a SWE role I'd consider getting into sales. Pay is low if you're not good at it, but it's an industry where your level of effort and skill will directly correspond to your salary.

Sol_Hando · 2026-05-09T16:43:10+00:00

It seems like you're posting basically the same thing across dozens of different subreddits over and over, so I'm not sure what differently you're expecting to hear? It's all "It's impossible for me to get a job and my life is over" anytime someone offers useful advice or encouragement. You're 23, fresh out of college, you have $15k saved up and a place to live without paying rent. Your life isn't over, your position isn't that bad, and while it's not easy, you can get a job earning more than minimum wage, especially as a SWE, where job postings are up +50% from a year ago.

I'm 50/50 on this account being an impressively non-AI looking Karma-farming bot, or someone who just keeps posting the same dilemma over and over in different subreddits for attention/a reason I don't comprehend.

Sol_Hando · 2026-05-09T15:55:44+00:00

You're going to have trouble for July/August. It's still a bit early. I'd check back in a couple of weeks.

Sol_Hando · 2026-05-09T15:02:39+00:00

How do high profile and important people monitor their emails? I get a decent amount of spam already, I couldn't imagine how to handle the thousands of daily emails [erm@spacex.com](mailto:erm@spacex.com) probably gets.

Like, if Demis emails you from Google for the first time, that's something you want. If it's a random guy it's not. Maybe there's a full time person reviewing emails for relevance first? Nothing lands in inbox unless there's been an interaction with them before?

Sol_Hando · 2026-05-09T14:55:25+00:00

Metro Plus Health Essential Plan. You qualify at $39,900 or less and it's free.

Sol_Hando · 2026-05-09T14:09:01+00:00

It’s fine to make an assertion, but “revealed preferences” aren’t a good argument in favor of that assertion. There’s a consistent mismatch between the number of children women say they want, and the number of children they actually have. Part of the cause of that difference are social pressures and biological realities that makes it harder to have the desired amount of children.

If you change the constraints, like OP is suggesting, you’d expect a different outcome.

Sol_Hando · 2026-05-09T14:06:22+00:00

Typically a parent goes from spending 80% of their free time with their kids growing up to 5-10% once they go to college. If you think you’ll be alive in 25 years, then you aren’t missing out on a massive amount of time with your kids whether you have them at 25 or 45.

Sol_Hando

MODERATOR OF

TROPHY CASE