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Updated over 9 years ago, 07/12/2015
Tenant with a sales job, how do I verify income??
Hi All,
I'm new to the game and have a question. I understand the rule of verifying that the potential tenant's monthly income is 3X the monthly rent. A potential tenant seems like a nice guy, his application looks good, and when he mentioned he was in sales, I thought nothing of it. I get his application, and it turns out his base salery is no where near the needed amount, but he says he makes mostly commission. My questions:
- Should I deny him because his base salary is too low?
- Is there any way I can verify his commission? I'm assuming I could ask him for past pay stubs, but is there any way to guarantee his sales performance in the future?
- Any other ideas?
I have other options, just wanted to know as I've never come across this.
Thanks
Ben