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How do you count income? What income is required?

For tenants that make their own payment we generally require the tenant have the income of three times with the rent is in order to be approved for apartment or single-family home. In general we count any income that we believe is likely to continue through the length of the rental towards your rent to income ratio.  There can be other factors that allow us to consider tenants who have a lower rent to income ratio. For instance if a tenant has a large amount of savings and is living off those savings or if the tenant has a cosigner that is clearly supporting the tenant and is willing to actively make payments for the tenant that those things would change how we look at their income.

If a tenant is applying under the section 8 program or is getting other government subsidies we would evaluate that tenant different and we would closely look at the details of the section 8 voucher or subsidy program.