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General Landlording & Rental Properties
Account Closed
  • Investor
  • Central Valley, CA
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Rents under $600/mo and poverty

Account Closed
  • Investor
  • Central Valley, CA
Posted Mar 21 2014, 11:34

How many of you have tenants paying $600 and under who aren't living at or below the poverty line? Don't take offense. I'm well aware that $600 can rent some nice units and is enough for a mortgage payment in some parts of the country. I know that plenty of tenants are making choices about how to spend their money.

As a landlord you are presumably looking at income versus rent. A tenant making $1800/mo is making three times a $600 rent, a formula many landlords are happy with. A 4 person family making $21600 is pretty much at or below the federal poverty line level.

So how of you have tenants with $600 rents who aren't living below the poverty line?

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