Updated over 12 years ago on . Most recent reply
John ThedfordPoster
#5 Wholesaling Contributor
#5 Wholesaling Contributor
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How Much Income Do You Require From A Tenant To Approve Them?
John ThedfordPoster#5 Wholesaling Contributor
#5 Wholesaling Contributor
- Real Estate Broker
- Naples, FL
What is the general rule of thumb for approving a tenant on income? Say the rental rate for an annual is $1150 per month. How much would be the minimum income you look for to feel comfortable the tenant could pay the rent? Thanks!
Most Popular Reply
Monthly income has to equal 3x rent. Thats the standard.