Verifying income on potential tenants who are retired

[Erich Oertel]

I have a rental property in Los Angeles, California, and it’s been on the rental market for less then a week.

Just recently, I showed the home to a retired couple that on face value, appear to be great candidates for potential tenants; however, part of my rental qualification is to show proof of income. The couple has informed me that they generate their income through rental properties. This is the first time I have rented to other investors (possibly).

To confirm their income is suitable and meet standers, would you review their bank statements or would you ask to review their 1099 from the rental property?

I just want to verify I’m renting to a legitimate couple who can afford the home.

Any and all information will be greatly appreciated.