All Forum Posts by: Lauren Hulsman

@Account Closed fair enough. Like I said, this is our first time and I’m researching as much as possible to ensure we have the right tenant and making sure we have the most financially secure tenant as this has been my personal home for 7 years, not some random apartment building I own. I’ve also been reading that debt to income ratio is less important as long as they satisfy the 3x rent income, so we are opting to not stress the financial obligations. 

@Julie Hartman - thanks! My application also has space for debts/obligations, but one applicant left that blank, just wondering if its worth pressing them to fill out. We're trying to only move forward with one applicant to do the credit/background check but want to make an informed decision on who to move forward with. I'm also finding that a lot of people are not putting much emphasis on debt to income ratio for their tenants, as long as their income is 3x the rent - which is true for all my applicants. 

Can you explain what policies you have in place if one person moves out and leaves the other fully responsible for rent?

My husband and I are renting our townhouse for the first time and are really struggling picking the right tenant - we've had a lot of interest. We have it narrowed down to 3-4 people, who all seem like great fits. One application did not list out their financial obligations, which we're using to determine their debt to income ratio. Can I press them to list that information? 

Also - 3 out of the 4 are non-married couples...do you guys find it higher risk of one person leaving in those situations during the lease, especially if the couple has not lived together before?