Re: Rental Criteria - Landlord Forum thread 359304

Re: Rental Criteria by Garry on May 13, 2019 @07:54

Can you be more specific? What mediums are you advertising on, and can you cancel the current ad within a day, or must you let it run it's course? Also, what parts of the ad do you want to change----(from xxxxxx to xxxxx)? And, no, there are no laws that I know of, that says you cannot change the wording in an ad. However, the ad cannot be discriminatory in any way.

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Re: Rental Criteria by Michelle on May 13, 2019 @15:19	[ Reply ]

Thank you Garry. Two things I will change to open the door a bit wider. I started with criteria that I have found may be a bit to difficult to meet. First I will lower the credit score by 20 points. Second I will give a criteria that allows for combining incomes, to a point. I had 1 income that equals X. Now I want to say that 2 incomes that both equal or are greater than Z is also acceptable. The property is a large home so its a different animal than an apartment.

Re: Rental Criteria by Garry on May 13, 2019 @17:31	[ Reply ]

Lowering a credit score by 20 points does not tell me much. What exactly is the NEW credit score that you will accept? Income wise, you should accept all PROVABLE income that comes into the household, by any adults 18 or older, and from any and all sources. That means, not only from the jobs people have, but also from any SSI, SSDI, pensions, child support, food stamps, or any other govt. programs someone may qualify for. Most landlords throughout the country usually say a tenant needs to have at least 3-3 1/2 times the amount of the rent, as their net income. If that income is from 1 person, or 5, it makes no difference---income is income. So if the rent on your home is $1200/mo, then they need to show a total verifiable net income of $3600-$4200 per month.

Re: Rental Criteria by Michelle on May 13, 2019 @18:55	[ Reply ]

Thank you for your thoughts and I appreciate a sounding board.