Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

204
Posts
174
Votes
Josh Dillingham
  • Rental Property Investor
  • Brattleboro, VT
174
Votes |
204
Posts

Legal or Illegal: High income requirements for multiple tenants.

Josh Dillingham
  • Rental Property Investor
  • Brattleboro, VT
Posted

In order to show a unit I require that a prospective tenant has a monthly income of 3x rent.  But that leaves more room for error for a single tenant than for a family of 4. would it be discrimination based on familial status if I required a monthly income of 3x rent + $200 per additional tenant?

also, for all of you that have a similar minimum monthly income requirement do you use net or gross income?

Thanks!

Josh

Most Popular Reply

User Stats

2,613
Posts
2,104
Votes
Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
2,104
Votes |
2,613
Posts
Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
Replied

@Josh Dillingham I have a set resident selection criteria, please feel free to use if off my website. You want to make sure that you are firm, fair and consistent across the board of whatever you do in your business. 

business profile image
Engel & Völkers | St. Pete
5.0 stars
14 Reviews

Loading replies...