Tenants not meeting Income Requirement but High Savings?

[Tim Kaminski]

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

[Julie Hartman]

@Tim Kaminski I would keep looking. 20k/30k is not that much money anymore. What if you sign a lease with them and the next day they pay cash for a car and wipe out that savings? Especially with the eviction moratorium that never seems to end, you don't want to be stuck with a mistake. Surely there are better prospects out there.