Monday, September 17, 2018

5 Ways to Get Around That Pesky 40X-the-Rent Requirement

In certain cities (especially New York), property management companies require you to have an annual salary of 40 times the rent in order to be approved as a new tenant. That may be way more than your pay stub will ever show. In fact, a 2017 StreetEasy study found that the majority of New Yorkers' incomes don't meet this threshold. So, if you're in those shoes, are you forever doomed to be a subletter?

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from Apartment Therapy | Saving the world, one room at a time https://ift.tt/2NJi3vt

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