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Updated over 7 years ago on . Most recent reply

Paul Bowers's profile image
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Paul Bowers
  • Real Estate Investor
  • from Macedon, NY
  • Member since Sep 14, 2016
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Paul Bowers's profile image
Paul Bowers's profile image
Paul Bowers
  • Real Estate Investor
  • from Macedon, NY
  • Member since Sep 14, 2016
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Paul Bowers
  • Real Estate Investor
  • Macedon, NY
290
Votes |
251
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General Landlording & Rental Properties

How to apply the 3x rent rule of thumb

Paul Bowers
  • Real Estate Investor
  • Macedon, NY
Posted

I maybe renting a SRF to three friends.  I will make each of them sign the lease but was wondering if you would expect each to meet three times the total rent or only three times their share?

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Katherine S.'s profile image
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Katherine S.
  • Investor
  • from Grosse Pointe Shores, Michigan
  • Member since Apr 17, 2017
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Katherine S.'s profile image
Katherine S.'s profile image
Katherine S.
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  • from Grosse Pointe Shores, Michigan
  • Member since Apr 17, 2017
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Katherine S.
  • Investor
  • Grosse Pointe Shores, MI
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Katherine S.
  • Investor
  • Grosse Pointe Shores, MI
Replied

If all three could qualify individually, they wouldn't be living together.

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