Pre-screening for vouchers or subsidies

Edited

Overview

We offer three options for calculating a prospect's income-to-rent ratio, so you can keep in line with local regulations, and your business's best practices.

You can find this option by going to Settings > Showings > Pre-screening for vouchers or subsidies.


What does each setting mean?

Use the entire rent

We will ask a prospect for their entire income. We'll ask them to include any vouchers or subsidies, but will be taking one big number that they give us and comparing that to the rent: income / rent

Use only the rent the prospect is responsible for

We will ask the prospect for their income and the amount of their housing voucher for a property with X bedrooms. In this case, calculate the income-to-rent ratio based on the amount of the rent the prospect is responsible for: income / (rent - voucher)

Automatically qualify prospects with vouchers

We will ask the prospect for their income and the amount of their housing voucher for a property with X bedrooms. If they only have an income, and are not receiving any vouchers, we will calculate their income-to-rent ratio (income / rent) to determine if they are qualified. If they will also receive a voucher, of any amount, we will automatically qualify them.