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Updated over 5 years ago on . Most recent reply

User Stats

99
Posts
28
Votes
David Crutcher Jr.
  • Nashville, TN
28
Votes |
99
Posts

Determining what will it take

David Crutcher Jr.
  • Nashville, TN
Posted

What’s the formula most commonly used when determines if a person(s) makes enough to be considered to rent to??? Also what’s your thoughts on renting to someone with a felony?

Most Popular Reply

User Stats

186
Posts
156
Votes
Joshua Tessier
  • Rental Property Investor
  • Manchester, NH
156
Votes |
186
Posts
Joshua Tessier
  • Rental Property Investor
  • Manchester, NH
Replied

In my experience I have always heard 3X rent to income.  What my question is how are folks applying this same simple formula to families Vs Singles.  I don't want to get into discrimination etc etc but for a single occupant no children in a one bedroom vs a single dad with two kids in a three bedroom the life expenses are no where near the same so how do people adjust internally for that?

As for the felony talk to them ask them what it was about. For me violent crime i'd say no thank you. For drugs or other matters it might be worth giving them another shot.  In the end we all did something stupid when we were young if we learned and matured maybe it's worth it.

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