Open/Close Menu
Your Rental Housing Solution
Home · Property Management · Landlord Quick Tips : Landlord Quick Tip

Tip #55: Run the Numbers
When screening your tenants, along with a credit history, be sure to verify your applicant’s current income and consider their overall budget in light of their new rent payment.
abacus
The basic rule of thumb is that rent should take up about 35% of a tenant’s take-home pay.
However, that ratio will be higher for low-income earners who often can’t find housing for 35% of income. A tenant can pay more if you offer amenities like easy bus or train access, free parking or a fitness room. Another reason to go higher: you offer energy-efficient upgrades. With the money a tenant saves on utilities, they can afford a higher rent payment.
See last week’s Landlord Quick Tip.
American Apartment Owners Association offers discounts on products and services for landlords related to your rental housing investment, including rental forms, tenant debt collection, tenant background checks, insurance and financing.
Find out more at
www.joinaaoa.org.

Copyright © 2004 - 2016 AAOA.com. All Rights Reserved.