Monthly Income Minimum?

[Benjamin Knisely]

I have a 2 bed/1 bath unit just put up for $1100/ month. I set a monthly income minimum of 3x the monthly rent. I have interest from college students who qualify, except for the monthly income. They make the bulk of their money in the summer and have a good savings, but they only have part time work now, that doesn’t meet the minimum requirements.

If I accept their application and allow them to rent, would that not be treating applicants differently, which is not allowed?

There are a lot of college students in the area, and I would like to avoid this dilemma in the future. How do other people handle this situation? I don’t ask for the amount of savings people have in my application, but is that something I should be adding on. Or depending on their savings, disregard the monthly income?

[Taylor L.]

Get their parents to cosign. Pretty typical strategy with college student tenants. Most college students don't make enough income to qualify for rental housing.