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Updated over 8 years ago,
How Does a Bank Verify "Landlord Experience"?
Hi BP!
I would like to get financing for a small multi-unit property. I have read that, in order for the bank to utilize any of the rental income from the property, I would have to have "landlord experience". I am wondering if this is proven through me actually owning investment properties and being a landlord? Or if other landlord experience would count. I was the resident manager of a 30 unit building for a few years back in 2009-2011.
Any insight you have will be greatly appreciated! Thank you!