Income Requirements for Tenants

[Jonna Weber]

Hi BP experienced Landlords - What are your typical income requirements from tenants? I historically have required a tenant's gross income to be at least 3 times the monthly rent, but I'd like to know if there is any sort of industry standard. Thanks!

[Bryan Hancock]

3X is acceptable to me if they check out elsewhere and can fund the deposit. I would favor a tenant with 4X and other negatives over one with 3X and a shinier file though. Capacity to pay is the biggest factor to me aside from the automatic disqualifiers.