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Updated almost 2 years ago, 01/14/2023

User Stats

99
Posts
58
Votes
Sarah Buchanan
  • Landlord
  • Sioux Falls, SD
58
Votes |
99
Posts

Screening Tenants: Gross vs Net Income?

Sarah Buchanan
  • Landlord
  • Sioux Falls, SD
Posted

I have a married couple prospective tenants that look ideal; credit scores above 800, previous homeowners, etc. Rent is $2400/mo so I require $7200/mo income.  Husband is currently unemployed (due to COVID) and wife makes $10k/mo gross but only $5800 after withholdings.  So they meet the gross income = 3x rent but not the net income = 3x rent.  Husband is currently collecting unemployment and plans to get a job but I don't generally consider unemployment in my income.  Thoughts?

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