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Updated about 8 years ago on . Most recent reply

Haskell F.'s profile image
Haskell F.'s profile image
Haskell F.
  • from Hallandale Beach, Florida
  • Member since Aug 17, 2017

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Haskell F.'s profile image
Haskell F.'s profile image
Haskell F.
  • from Hallandale Beach, Florida
  • Member since Aug 17, 2017
Haskell F.
  • Hallandale Beach, FL
0
Votes |
2
Posts
General Landlording & Rental Properties

Renting to retired single person

Haskell F.
  • Hallandale Beach, FL
Posted

I met a wonderful potential tenant who filled out the application with good credit and passed the cozy background check.

However, her monthly income she receives is from social security and her assets are a small IRA and low assets in her bank account (especially after paying 1st, last and deposit).

I know that the suggested rental ratio is 3x gross income, where she is receiving about 2x income, but I am wondering if anyone else has faced this problem trying to qualify to a retired person on social security.

Thoughts?

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