Guarantors are generally accepted if they earn at least 80 to 100 times the monthly rent. But whether a landlord will accept a tenant who is unemployed is determined on a case-by-case basis. Some might ask for rent or deposit equal to six to 12 months' rent.
Fortunately, experienced agents will know which landlords are more open to such arrangements and can help speed up the process.
Please let me know if I can be of assistance.
Bruno J. Navarro
Licensed Real Estate Salesperson
BOND New York Properties, LLC
1776 Broadway, 19th Floor
New York, NY 10019
In a coop, if they allow parents buying for adult children, if you qualify (25% income to debt ratio) including your housing/coop payments. However a guarantor is only someone to guarantee payments. Most coops will want the applicant to have an income.
SVP/ Associate Broker
Rutenberg Realty NYC