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Updated almost 3 years ago on . Most recent reply

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209
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Mike Adams
  • Port Chester, NY
156
Votes |
209
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Verification of income from employer on restaurant workers

Mike Adams
  • Port Chester, NY
Posted

What's the best way you guys have utilized income from tenants who are applying for one of your apartments where the couple are both restaurant workers as well as work at the same place?  I called today and someone said they work there for a long time, but couldn't say anything else.  I would have to call back on Friday to speak to the owner for verification of employment.  I also have the last three paychecks from each.  They each earn around a grand a week, so they should be able to afford the 1500.00 a month rent.  However, anyone have any thoughts on them both being restaurant workers at the same place?  This is a first for us.

Most Popular Reply

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2,465
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3,860
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Patricia Steiner
  • Real Estate Broker
  • Hyde Park Tampa, FL
3,860
Votes |
2,465
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Patricia Steiner
  • Real Estate Broker
  • Hyde Park Tampa, FL
Replied

You're working too hard at this...you have what you need.  Now look at their credit scores...are they willng AND able to meet their obligations.  What we know from Covid is that service industry employees (and more) don't have savings and 401Ks to fallback on.  Finding prospective tenants who value their credit are the ones who will pay their bills even when it means not having a new phone or gadget.  Again, you've got what you need...you've got this.

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