Quote:
Originally Posted by StrandedCT
And I just looked on craigs list the guy that said he already had a renter posted the ad again this morning. I'll have our friend that hasn't spoken to him yet call and try to arrange something. That place is perfect, 850 with heat/hot water w/d hookups and within walking distance to my boyfriends job. I may have scared him off with the "boyfriend" thing when he asked about who would be living there.
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Step #1:
$850x3 = $2550 MINIMUM net income consistently and demonstrably achieved to qualify (plus the credit and other issues)
but if the applicant(s) can't pass this first threshold... not much else will matter.
With multiple tenants sharing a space their number should be no greater than the number of bedrooms available.
(I really don't care about being married). Use the 3rd room as a study if two are coupled up.
As to apportioning the money needed, I'll want to see capacity to pay more than their individual share:
with two I'll want to see 75% each; not just 50%
with three I'll want to see 50% each; not just 33%
As a LL the issue isn't what could be if all the stars align...
it's about CYA when you know that they rarely if ever do.
Good luck.