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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

2,616
Posts
2,104
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Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
2,104
Votes |
2,616
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. 

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Engel & Völkers | St. Pete
5.0 stars
14 Reviews

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