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General Landlording & Rental Properties

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Tim Kaminski
  • St. Petersburg, FL
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Tenants not meeting Income Requirement but High Savings?

Tim Kaminski
  • St. Petersburg, FL
Posted Jun 14 2021, 16:35

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

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