A: Excellent question! A tenant's income needs to be 3 x the rental in order to qualify. Before any application is proposed to the owner the prospective tenant’s income is evaluated for affordability, i.e. Income vs Expenditure. Sometimes the prospective tenant receives a fantastic income, but ultimately does not qualify and therefore not a suitable applicant. An agent will look at loans they may have, account payments, child maintenance (if divorced), school fees, car repayments, general expenses. The bank statements show a complete picture of how tenants conduct their income and expenditure and their current rental payments.