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Updated 8 months ago on . Most recent reply
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Landlords, how do you verify self-employed income?
I have a tenant wanting to lease my unit.
However, they are self-employed.
What is the best way to verify income for someone that is self-employed?
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Absolutely. Some people use bank statements, but I am more comfortable using tax statements (e.g. 1099). My feeling is that the tax evasion thing cuts both ways. If they are underreporting their income to the IRS, I cannot guarantee that the revenue actually exists. That's exactly how a lender or creditor would treat the situation, as well.