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Updated about 11 years ago on . Most recent reply

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1,451
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Sam Leon
  • Investor
  • Fort Lauderdale, FL
462
Votes |
1,451
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Tenant applicant has no job going back to school

Sam Leon
  • Investor
  • Fort Lauderdale, FL
Posted

This makes it a challenge as there is no income verification possible.

I am going to ask for tax returns last few years to see previous income levels.

But without income, applicant says she has enough funds saved up.

I am on the fence on this one.

I haven't check anything yet, I will - if I decide to not reject her based on no verifiable income - then there is no point checking the rest.

What would you accept as an alternative to income?

Proof of funds for 1 year lease term, say a bank letter saying she has this fund in her account and the average balance over a year?

Most Popular Reply

Account Closed
  • Dallas, TX
744
Votes |
4,988
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Account Closed
  • Dallas, TX
Replied
I heard that people that cannot prove income will put years worth of rent in their lawyer's escrow account and each month the lawyer sends a check to the landlord.

Joe Gore

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