jazz4cash
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We see lots of questions here about qualifying for a mortgage with assets but no or low income. This is same issue but for an apt rental. I’ve been trying to help my 83 yo cousin find an apartment in our HCOL region. It’s crazy. Lots of nice newer units for seniors with 30-50k annual income but she only has SS and it’s well below the average payout. The really low income programs (Sec 8) all seem to have long waiting list and/or not taking applications. She does have savings but most places won’t accept that in lieu of income. Curiously they do count RMDs but it you have same amount in non IRA account you can’t use it. One place won’t accept a 1099, they want an award letter.
We contacted the county but all they do is pass out a list but you must contact the locations individually, pay $15-40 application fee to get on a list and wait who knows how long.
I’m counting my blessings that I don’t expect to ever be in her position. Any renters here have issues showing income to qualify for a rental?
We contacted the county but all they do is pass out a list but you must contact the locations individually, pay $15-40 application fee to get on a list and wait who knows how long.
I’m counting my blessings that I don’t expect to ever be in her position. Any renters here have issues showing income to qualify for a rental?