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Updated over 1 year ago on . Most recent reply

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Sam DiNicola
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Minimum Income & Credit Score for Prospective Tenants

Sam DiNicola
Posted

Does everyone require prospective tenants have 3x the rent in monthly income / rent is no more than 30% of their monthly income? What is minimum credit score you look for in a B- neighborhood? For people with lower than your minimum credit score, do you still have them apply to see more detailed credit check and give them the option to pay larger deposit or something to help protect yourself? 

  • Sam DiNicola
  • Most Popular Reply

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    192
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    Marcus R.
    • Real Estate Agent
    • Denver CO
    311
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    Marcus R.
    • Real Estate Agent
    • Denver CO
    Replied

    We require a 670 Credit score.  No income requirements but we do go through their credit report in detail and ask questions as needed.  I think in theory income requirements can work but we all know people with high incomes who are still paycheck to paycheck. It's the behavior that's the problem, not the income. 

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