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Updated over 5 years ago,

Gleason Jones's profile image
Gleason Jones's profile image
Gleason Jones
  • Investor
  • from Auburn, Alabama
  • Member since Nov 17, 2015
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8
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0
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Gleason Jones's profile image
Gleason Jones's profile image
Gleason Jones
  • Investor
  • from Auburn, Alabama
  • Member since Nov 17, 2015
Connect
Gleason Jones
  • Investor
  • Auburn, AL
0
Votes |
8
Posts
General Landlording & Rental Properties

PLEASE HELP A NEWBIE - 3 times the monthly rent

Gleason Jones
  • Investor
  • Auburn, AL
Posted

So i've always heard on here that the income from a renter needs to be at least three times the rent. Currently i have a single family home and my first applicant is making $70 less than three times the rent. But he's a family man with 2 kids and a wife and relocating for his job. Is three times just a rule of thumbs?

Thanks

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