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Updated over 7 years ago on . Most recent reply

User Stats

20
Posts
6
Votes
Bob Houston
  • Real Estate Investor
  • Forney, TX
6
Votes |
20
Posts

New landlord...3X rent as salary requirement...too high?

Bob Houston
  • Real Estate Investor
  • Forney, TX
Posted

SFR is in the Dallas TX area which is a red hot market right now. Rents have increased a lot over the last few years.

I am concerned that requiring 3X rent as a monthly salary may be unrealistic.

- it is a 3 br, 1.5 bath, 1 car garage in 75126

- rent is $1350/math

Input?

Most Popular Reply

User Stats

4,917
Posts
3,439
Votes
Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
3,439
Votes |
4,917
Posts
Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
Replied

I always ask 3x rent regardless of the area or rent.

I don’t feel comfortable renting to someone that doesn’t meet those requirements. Not just for my purpose but I also try to not let them make bad decisions.

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The Moorhead Team
5.0 stars
139 Reviews

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