No job but savings

[Jeff S.]

Have applicants w/o jobs but say they have enough savings. They are transplanting and will seek work. This doesn't meet my normal criteria but it makes sense if they have money in the bank they can pay rent which all I really care about. How much savings would you look for or how would you handle it?

Up to this point everyone has had jobs so new territory. Kind of reminds me of the banks not loaning to people who have a $1,000,000 in retirement but can't get a loan to buy a house because no job. They can rent from me any day.

[Curt Davis]

I would ask to see their bank account showing the funds.  Possibly ask them to take 6 months worth of rent and pay it in advance if they have enough.