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Updated over 9 years ago on . Most recent reply

User Stats

109
Posts
12
Votes
Freeman Schultz
  • East Coast
12
Votes |
109
Posts

Questions about rental applications

Freeman Schultz
  • East Coast
Posted

Along with a credit report, I have read that other documents for a rental application should be included. I was wondering what are the ones that are needed with every application? I have heard from one investor that you either need pay stubs or an employment letter. Both are not needed. Do you agree?

On this list, which ones do you ask for?

Recent bank statements

Employer letter that shows salary, time of employment and posiiton

Two years of tax returns

Pay stubs

Landlord reference letters

Credit report

Most Popular Reply

User Stats

2,408
Posts
1,109
Votes
Michele Fischer
  • Rental Property Investor
  • Seattle, WA
1,109
Votes |
2,408
Posts
Michele Fischer
  • Rental Property Investor
  • Seattle, WA
Replied

We only ask for tax returns if the applicants are self employed.  Most employers are smart enough to not verify more than the minimal info, we ask for pay stub copies later in the process if our screener can't verify employment.  I would not trust a landlord reference letter, I call prior landlords, independently verifying their contact info on tax records when I can.

  • Michele Fischer
  • Podcast Guest on Show #79
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