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Updated about 11 years ago on . Most recent reply

Jonna Weber's profile image
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Jonna Weber
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  • from Boise, ID
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Jonna Weber's profile image
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Jonna Weber
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  • from Boise, ID
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Jonna Weber
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General Landlording & Rental Properties

Income Requirements for Tenants

Jonna Weber
  • Investor
  • Boise, ID
ModeratorPosted

Hi BP experienced Landlords - What are your typical income requirements from tenants? I historically have required a tenant's gross income to be at least 3 times the monthly rent, but I'd like to know if there is any sort of industry standard. Thanks!

  • Jonna Weber
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  • Podcast Guest on Show #80
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    Bryan Hancock
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    Bryan Hancock#4 Off Topic Contributor
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    Bryan Hancock#4 Off Topic Contributor
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    3X is acceptable to me if they check out elsewhere and can fund the deposit. I would favor a tenant with 4X and other negatives over one with 3X and a shinier file though. Capacity to pay is the biggest factor to me aside from the automatic disqualifiers.

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