my criteria - Landlord Forum thread

my criteria by Anonymous on April 24, 2012 @11:55

My property is one that has an overwhelming response of prospect tenants and is in a neighborhood that people want to live in. Because of this my criteria has been created accordingly.

This time I am going to adjust. In the past I have required that at least one person make 3X the income. The other tenant(s) income is a plus to there households lifestyle. Following is the new and improved set up of the criteria and I would like to make sure I am A.OK.

Hypothetically let us say the rent is $1000.

A)If person 1 makes $3000 per month gross income their income qualifies.

B)If person makes $2500 then person 2 must make $1000.

C)If person 1 makes $2250 then person 2 must make $1400.

I am pretty sure as long as I am consistant then there is no foul, correct?

The only thing I ponder is if in senario A that I should require person 2 to have some type of income. The reason being for not requiring person 2 to have an income is what if person 2 is a stay at home mom. Any other senario besides the above mentioned I would like to see that the second person does have a job. Not sure how to make that acception though.

[ Reply ] [ Return to forum ]

Re: by Micah on April 24, 2012 @12:05	[ Reply ]

Married people can count as one person, singles cohabitating do not. I'd make single both fully qualify. What happens if the one with the better job moves out and leaves the under-qualified on there?

do you make a couple qualify individually?

Re: