General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
Screening tenant with hourly income
Hi
I talked to a potential applicant whose husband is paid hourly.
What documentation would you ask for from a potential renter who is paid hourly? (eg 1 month of recent paystubs, longer?) Or would you treat this applicant more like they were self-employed an ask for a copy of last year's tax return?
Also on the verification side, do you ask any different questions when calling employers who are paid hourly?
I guess it depends on what their job is to some extent, but I'm concerned that anyone can provide me a pay stub with a good week or two of income that might seem to over-inflate the actual income over a longer period.
Thanks in advance for your help