Why do apartments want 3 times the rent?

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Ibrahim Bogisich asked a question: Why do apartments want 3 times the rent?
Asked By: Ibrahim Bogisich
Date created: Wed, Mar 24, 2021 7:20 PM
Date updated: Wed, Jun 22, 2022 12:14 PM

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Top best answers to the question «Why do apartments want 3 times the rent»

Landlords usually take this number and ask renters proof of income for 3 times the rent because they need to have proof that the renter can afford the place and won't stop paying for the rent, which could lead into an eviction.

Originally Answered: Why do apartments want your income to be three times the rent amount? Because they want to be sure you have budgeted for utilities, insurance, car payments, credit cards, food, etc. If you rent a $1200 house with a $2100 income you'll likely run in to trouble.

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