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Updated over 3 years ago on . Most recent reply

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Qui Van
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7
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Finding renters that makes 3X income to rent

Qui Van
Posted

Going back to "rule of thumb" I hear a lot is having a renter that makes 3x the rent.  Living in south Florida where rent is already high, is it realistic to find a renter that makes this much?  What are some other ways of screening renters if they don't meat this checkmark when most Americans are living paycheck to paycheck?  Thanks.

Most Popular Reply

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286
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130
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Adam Bartling
  • Lender
  • Rosenberg, TX
130
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286
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Adam Bartling
  • Lender
  • Rosenberg, TX
Replied

3x is and ideal, but if all renters made 3x rent 50%+ would buy a home.  Just verify background 

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