Cracking the Rent to Income Code for Financial Success

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11 months ago
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Finance podbean landlord income qualification landlord language landlord renter communication property manager qualification language property manager screening language renter credit report renter income qualification renter rent to income ratio required rent to income ratio

You'll want to discuss the rent-to-income ratio. Simply put this describes what percentage of your income you'll need to pay rent each month. For example, if your income is $3,500 per month and the rent for an apartment that you're looking at is $1,000 then the rent-to-income ratio would be $1,000 divided by $3,500 or 28.5%.

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