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Updated over 10 years ago on . Most recent reply

Matt Smith's profile image
Matt Smith's profile image
Matt Smith
  • from San Francisco, California
  • Member since Oct 12, 2014
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Matt Smith's profile image
Matt Smith's profile image
Matt Smith
  • from San Francisco, California
  • Member since Oct 12, 2014
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Matt Smith
  • San Francisco, CA
26
Votes |
161
Posts
General Landlording & Rental Properties

Accept or deny?

Matt Smith
  • San Francisco, CA
Posted

Tenant sent me an application to rent my property:

- his income is $18K/year but the rent is $3.1K per month! 

- but….tenant has a local business and said he doesn't pay himself much salary

- tenant is willing to pay 2 months deposit to move in

- credit is ok

Should I accept or deny? What document(s) from the business should I get? 

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Account Closed's profile image
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Account Closed
  • Property Manager
  • from Big Bear Lake, California
  • Member since Apr 17, 2013
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Account Closed's profile image
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Account Closed
  • Property Manager
  • from Big Bear Lake, California
  • Member since Apr 17, 2013
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Account Closed
  • Property Manager
  • Big Bear Lake, CA
330
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Account Closed
  • Property Manager
  • Big Bear Lake, CA
Replied

More than likely his business is paying a lot of his expenses, which is not unusual for people that are self-employed. I would ask to see his last 2 years' business tax returns. His business may make a lot of money. 

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