Income of 3X monthly rent requirement?

[Digger Odell]

How was that "income of 3X rental" figure arrived at and do most of you hold to that figure for your rentals?

Also, for renting out a room in a home do you follow that same concept of 3X?

[Filipe Pereira]

Originally posted by @Nathan Shepard:

In an attempt to revive an old thread.... are we talking gross or net monthly income?

 We require NET income to be 3X the rental amount. I don't really care what you make "gross" when you pay out half of that in 401K, medical benefits, alimony, child support, blah blah blah. I only care about what you BRING HOME because that's what you pay the bills with. It's worked out well for us thus far. We've placed 50 tenants in Connecticut / Western Massachusetts in the last 2 years and haven't had to evict any of them so far.