Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

99
Posts
58
Votes
Sarah Buchanan
  • Landlord
  • Sioux Falls, SD
58
Votes |
99
Posts

Prospective tenants with new jobs / commission / independent contractor

Sarah Buchanan
  • Landlord
  • Sioux Falls, SD
Posted

I own and manage several SFR and have some interested tenants (roommate situation) who meet my screening criteria (good credit, income 3x rent, great references), but none of them have solid work contracts. One makes good money waitressing (same job past year). One has a new sales job with a great income guarantee for 3 months (then moves to commission) and two are sole commission/sales without contracts (photography and insurance sales). While they exceed income criteria, the lack of history or employment contracts gives me pause. I realize many people work this way so I'd like to develop a method for screening these. I'd love to hear how others handle this! Thank you!

Most Popular Reply

User Stats

6,603
Posts
6,948
Votes
Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
6,948
Votes |
6,603
Posts
Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied

We ask for two years tax returns in those cases.  Plus the usual-credit, BG, references etc. Income guarantee for three months means nothing.

Loading replies...