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Updated over 7 years ago on . Most recent reply

User Stats

118
Posts
14
Votes
Jeff Lee
  • Investor
  • Bossier City, LA
14
Votes |
118
Posts

Help. Tenant Makes 3x Rent, but it's the income source that..

Jeff Lee
  • Investor
  • Bossier City, LA
Posted

My rental is for $1,050. I'm looking for $3,150 in gross income. What's worrying me right now is how the tenant makes the required amount.

Below is a rough breakdown (by %) of the tenant's income sources, also assumes the tenant makes roughly $3,275:

21% from offspring's SSA/SSI (should I even count this? Offspring is under 18.)

18% from child support

61% from multiple jobs

What worries me is ~40% of tenant's income comes from sources other than tenant's job.

Opinions? Advice? I'm holding off on doing a background check at this time.

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