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Updated almost 2 years ago on . Most recent reply

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99
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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

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6,603
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6,948
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
6,948
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6,603
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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.

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