Being advised by a wanna be tenant that effective July 1st that in NYS you cannot require income to be 3X the rent as a qualifier.

Never heard of it... don't believe it and I told him "that's our policy, I spoke to you on the phone and you stated your income was higher than you are putting on your application". He came back with that statement.

Yeah... ok... I advised him that if he's getting assistance (which he mentioned) that would come in to the equation but he then stated "he makes too much for them to help out"

Didn't we just have a conversation on here about who we won't rent to? I said "I don't mind (necessarily) LEO, lawyers, etc and it had to do with the attitude / mannerisms of the applicant. HERE YOU GO.... he "just doesn't want me to get into trouble"... OK... thanks!

This is odd. I can't find any REAL reference to any such regulation, but I find multiple sites reporting it. Note that they are saying across the USA, not just NY.

From what I can tell, it looks like it started as a TikTok trend and is just made up lies.

Weird stuff.

Everyone's welcome to apply.

This is another reason I am torn on giving out my minimums.

People can either find a way around it or the state can make it illegal.

I am a NYS Real Estate Agent and I've heard NOTHING about it. It's true, we "usually" will be advised and I did hear some things that were "in the works" but never were approved or sent (or whatever) but this wasn't on the list for a pass or a fail.

Anywho... I don't really see how this would even be something that could come about... as a few of you stated, it will just end up placing someone and then having them fail almost immediately.

I was just talking to the MRs about this the other day that when I was looking for an apartment I recall putting down how much I made on a paper, my bills/expenditures and then said "ok, this is what I have left... so this amount (a little less for wiggle room) would be what I could afford for an apartment. No one really came and asked you for the things we do now (along with the "proof"). BUt, those were very different times and I have to say... just what I did alone, I am willing to bet that not many of the prospects do that now.

It wouldn't surprise me that it was on TikTok though... social media "news" at it's finest.

I was going to say the same as 6x6 "ok it's 4X then" of course that wouldn't fly if this goes into effect.

I'm sure it will pop up in BLUE state/city legislation though along with "not allowed to check credit score or report."

I like the 2.995 (added another fractional) from NE but then again they will most likely add specific language such as "no more than 2X income to rent ratio" if we started doing that.

Now conversely, the tenant, with the help of legal aid, can go after 3X the amount of DAMAGES and LEGAL FEES from a landlord should they win in NYS.

I've seen it mentioned, but could not find out any information about it. My first question was "where?" but could never find anything except for the very non-specific that the law said now it is illegal to require 3X the rent.

It has to be one of those internet rumors that are totally fabricated.

I didn't go any further with the application as while I was reviewing it, I noticed the income and questioned him on it (as it was very different than what he TOLD me it was before).

I have "pre-screening" questions that I ask but I don't "make them prove" anything at that point only because I just talk with them. That alone "usually" tells me many things because if they get frustrated with my questions then I know they won't get any further (You'd be surprised that some will just freak out when you ask them questions).

This particular person was a close 3x (just a little under it I believe) when I was doing the pre-screening... but when her completed the application, he was barely 1.5x and that's when I questioned him on the income.