RENTAL APPLICATION PROCESS

[Dinh Gia Phung]

Since it's ideal to approve a rental applicant with income 3 times the rent, I wonder if combined income of multiple applicants over 18 who will be living in the unit qualifies this requirement?  Or is it best to have at least one applicant to meet this income requirement (3 times the rent)?  What happens if one of the 3 rental applicants who will be living in the units have bad credits or have other bad judgments but the other 2 applicants are exceptional and meet all the requirements, should I still approve the rental anyway?  

Your feedback is greatly appreciated!

[Jordan Sand]

@Dinh Gia Phung - I typically do the combined income must be 3 times monthly rent. Then, all credit scores must be over my minimum unless one of them is just starting to build credit (e.g. college student). Bad judgements on any of the 3 applicants means they need to pay additional security deposit for this risk on one of the applicants.