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Updated over 8 years ago on . Most recent reply

User Stats

33
Posts
3
Votes
Christopher Ward
  • Homeowner
  • Burleson, TX
3
Votes |
33
Posts

Minimum income requirements

Christopher Ward
  • Homeowner
  • Burleson, TX
Posted

Hello, 

If I would like to rent my SFR for 1600 a month, the minimum requirement would be monthly gross income 3 X 1600 = 4,800.

I'm assuming there's 160 work hours per month  ( 4 weeks X 40 hours ).

If they're making 30 per hour gross income, 30 X 160 hours = 4800 monthly income.

If my calculations are correct, Is it okay to tell prospective tenants a $30 per hour steady job is required?

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