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Updated over 5 years ago on . Most recent reply
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Tenants combined income or each must qualify?
I am marketing a couple of rental properties and have several people interested. The problem is that the people I would like to rent to do not qualify individually but do qualify as a couple. Should I keep looking for better qualified candidates or would you take them as a couple? They have a 9 year old together but are not married.
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- Real Estate Broker
- Cody, WY
- 41,068
- Votes |
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Income should be qualified, married or not.
However...I have higher standards for three or more unrelated people. If this were three friends, I would require each individual to make 2x the rent. Why? Because one of them is going to leave and I want the remaining tenants to easily afford the rent. If each one makes 2x the rent, two of them would make a combined income of 4x the rent.
- Nathan Gesner
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