Wife and I have just retired and are planning to sell our current home and move to another area. We want to rent a house there for a year at least.
I'd completely forgotten that rental applications ask for source and amount of monthly income and that it has to be some factor higher than the monthly rent.
So how have you retirees who rent but had no income managed this situation? We have no pensions and have not yet started drawing SS - just lots of money in cash and Fidelity mutual funds and very good credit ratings.
I'd completely forgotten that rental applications ask for source and amount of monthly income and that it has to be some factor higher than the monthly rent.
So how have you retirees who rent but had no income managed this situation? We have no pensions and have not yet started drawing SS - just lots of money in cash and Fidelity mutual funds and very good credit ratings.