General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Do you count unemployment benefits as income?
Novice poster here.
I have co-applicants to a unit. One makes good income, but not enough to satisfy the monthly income 3x rent rule. The coapplicant submitted unemployment benefits as income, which combined with the first applicant does satisfy the 3x rule.
I'd prefer not to accept the unemployment benefits as income because I imagine it's not steady and I have another very qualified applicant that submitted their application second. However, I am also concerned this would cause legal issues.
Any thoughts are appreciated! Thanks!!