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Updated over 7 years ago,
Should I Accept a Potential Tenant That Has Low Income?
I am screening for potential tenants and so far, I have found one potential tenant that is the most qualified. However, she has low income ($56k), but an excellent credit score (750+) and a lot of assets ($1MM+). The rent is $2,900/month, but thinking of post-tax income and the fact that she's supporting a single-income family of four, I am a little concerned about her ability to pay rent. Should I accept her as a tenant? Thoughts?