Tenants not meeting Income Requirement but High Savings?
Hello,
Apologize if this has already been discussed(I'm sure it has) but I cannot find. If I'm looking to rent out my unit and tenant A comes along who does not quite meet the income requirement but can prove they have quite a bit in savings($20/30K+), is it worth looking into? I'm sure there are tenants out there who do not work but have inheritance or something which can afford them a decent rental. This must come up.
Is there a certain savings threshold you look for (above $30K for example) or how do you handle these prospective tenants?
Thanks,
Tim