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Updated almost 4 years ago on . Most recent reply

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Lawrence Hsu
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Do you count unemployment benefits as income?

Lawrence Hsu
Posted

Novice poster here.

I have co-applicants to a unit. One makes good income, but not enough to satisfy the monthly income 3x rent rule. The coapplicant submitted unemployment benefits as income, which combined with the first applicant does satisfy the 3x rule. 

I'd prefer not to accept the unemployment benefits as income because I imagine it's not steady and I have another very qualified applicant that submitted their application second. However, I am also concerned this would cause legal issues. 

Any thoughts are appreciated! Thanks!!

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Theresa Harris
#2 General Landlording & Rental Properties Contributor
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Theresa Harris
#2 General Landlording & Rental Properties Contributor
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I wouldn't as unemployment income will end after a short period of time.

  • Theresa Harris
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