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Reply to "If I make 112k income...how much should my rent be?"
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[quote=Anonymous][quote=Anonymous]Landlord here. We required a monthly HHI of at least three times the rent. [/quote] I had an income of $15k in a good year and few investment accounts. The manager also went on and on how I needed 3x the rent, so $90k+ something. After seeing the balance of one of the investment accounts, they told me to come get the apartment. The security deposit was also waived. This wasn't even a private landlord who can decide whatever. My private landlord never checked references, credit, on time payments. They got the place ready for me in one day. One can easily lose a job. It is much harder to lose bunch on money invested. This is why I told op to rent the cheapest place, build up their investments, and nobody cares about his income going forward. 30 years ago I got an apartment based on my race. I guess they needed more people looking like me. I was told I have good credit. I had just moved to US. I had no credit and had no idea what that was. [/quote]
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