Due to Perth's high vacancy rate I had to drop the rent down $30 pw. It took 8 weeks to secure someone. Luckily it was a break lease and I'll only be out of pocket 3 days once my tenant moves in.
Anyway in the end I decided to sign up a tenant who's wage will go towards 40% of the rent. I'm taking a risk here but my gut was telling me to give them a go, as I haven't had any other applications. I'm grateful I have someone. I was a bit stressed. It's a mother and young teenage daughter moving in to my studio. Wife seperated from husband. Not ideal but I've been told they have good references and they seem nice. :) oh and she has around $5000 in savings. Hopefully she is a good budgeter.
How about you? Anyone sign up someone who is spending half their pay packet on the accommodation?
Whats the highest % of income you accepted ?
Anyway in the end I decided to sign up a tenant who's wage will go towards 40% of the rent. I'm taking a risk here but my gut was telling me to give them a go, as I haven't had any other applications. I'm grateful I have someone. I was a bit stressed. It's a mother and young teenage daughter moving in to my studio. Wife seperated from husband. Not ideal but I've been told they have good references and they seem nice. :) oh and she has around $5000 in savings. Hopefully she is a good budgeter.
How about you? Anyone sign up someone who is spending half their pay packet on the accommodation?
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