Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago, 04/01/2016

User Stats

631
Posts
184
Votes
Pyrrha Rivers
  • Investor
  • Yokosuka, Japan
184
Votes |
631
Posts

Tenants with non-traditional income sources please help!

Pyrrha Rivers
  • Investor
  • Yokosuka, Japan
Posted

I'm brand new to the tenant screening experience and would like your feedback on a pair of prospects who came to my last showing.

During the conversation, the two young ladies mentioned they have been roommates for years, had their apartment rent raised beyond their comfort and decided to move from midtown to the suburbs where they would avoid the traffic issues of living in midtown.

Their income sources however are non traditional. They both work outside of the home. One is a baby sitter who is willing to provide bank statements as proof of income, the other is a pet sitter and will provide payment stubs from her clients as income verification. 

May come to nothing since the prospects came to see the home but have not yet submitted their application which I have online via Cozy. (I just want to know how to evaluate their income position should they indeed follow through and apply.)

As landlords we may come across entrepreneurs and self employed individuals. How do you verify their income stability? 

I'm sure those of you with more experience may have come across this scenario before and can provide guidance.

Thank you so much for your help! 

Loading replies...