Screening tenants - 3 times the rent - their Gross or Net income?

[Keenan Steverson]

When screening tenants, income is at least 3 times the rent (traditionally). Is that 3 times their Gross income or Net income?  I assume Net, but being a rookie, I don't want to make any assumptions. Thanks!! 

[Steven Foster Wilson]

Originally posted by @Keenan Steverson:

When screening tenants, income is at least 3 times the rent (traditionally). Is that 3 times their Gross income or Net income?  I assume Net, but being a rookie, I don't want to make any assumptions. Thanks!! 

 Use their gross income, that's the general rule of thumb. Also make sure you use credit score as criteria. I made the mistake once here in Columbus with a tenant. They made $100k, but had a 592 credit score, 6 months in they stopped paying rent...