Tenant with trust fund

[James Baltayan]

I'm hoping someone has run into this before. I have a SFH that I just put up for rent on Craigslist. I received a response from a prospective tenant who says his family owns a company in the area and he gets money put into a trust fund every month. He just opened a new business with a partner and the income from that is low. He says he would pay the rent out of the trust fund and that he has paperwork to prove he has the trust fund.

My question is how do I know that the paperwork he gives me is real?  Has anyone had a tenant like this before and can give me advice on how to do due diligence?  I already plan to check his documentation, call his previous landlord (has been there several years but now needs a bigger place), do a credit check and background check.  Thanks for any advice.

[Account Closed]

I had a tenant a couple of years ago that had a trust fund. They are normally run by trust attorneys. I called the attorney and talked to him personally. He confirmed the trust fund and the attorney paid the rent for the tenant directly from the trust fund. The attorney and the tenant both signed the lease.

I also did a background check on the tenant and all was good. He was going into firefighter school (or whatever it is called) and was a really nice guy. He was one of my best tenants ever. I hated to see him go when he got a fire fighting job several hours away and had to move.