Gross Income or Net Income for 3X Monthly Rent?

Gross Income or Net Income for 3X Monthly Rent?

Investor · Fort Worth · Member since 2019 · 57 posts · 16 votes

Hi There,

I'm in the process of sifting through applicants and had a quick question. When going by the industry standard of income needing to be 3x the amount of rent, do you look at gross or net amount?

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  • Real Estate Agent · Portland, OR · Member since 2020 · 278 posts · 136 votes
    4y

    You usually look at gross income since net income is much harder to figure out vs just getting paystubs. 

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