Screening - rent affordability

This affordability ratio is one of the key metrics in determining the likelihood of rent being paid on time.

Warning: This ratio should never be used in isolation because it does not account for other important factors like income stability, integrity, and cash in the bank.

Protip: There is no one piece of data, character trait, or reference that will tell you if a renter will be good, and the right tenant for your property. It's a combination of everything.

Based on the ratio of total verified household income VS The rent amount we provide the following ratings to help understand the applicants ability to afford the rent:

Excellent: Rent takes less than 30% of current income.

Good: Rent takes less than 35% of current income.

Caution: Rent takes less than 40% of current income.

Warning: Rent takes less than 45% of current income.

Red flag: Rent takes greater than 45% of current income.