Job offer letter. No harder to forge than it is to forge a paystub. :P

Welcome to my world. It's incredibly frustrating for us, because sometimes we need more detail than the automated service provides, and the Human Resources people (ironically) don't want to interact as humans. The good news for you is that your local lender is probably already signed up for most, or all, such services. Tenant applicant will have to docusign some forms authorizing it.

I had a new experience recently. Called to verify, and they told me they used a service for that, and I needed to register and pay the service!! I told them I would find another tenant other than their employee, and tell the employee why. They relented and confirmed for me.

I ask for one of the following for proof of income: Job offer letter, last 3 months of bank statements (no business account bank statements), 2 recent pay stubs.. Of course make sure to still run credit. In your situation I would accept the offer letter.

Consider having them get an IRS Tax Transcript. Here’s what is visible on the new tax transcript: Last four digits of any SSN listed on the transcript: XXX-XX-1234 Last four digits of any EIN listed on the transcript: XX-XXX1234 Last four digits of any account or telephone number First four characters of the last name for any individual (first three characters if the last name has only four letters) First four characters of a business name First six characters of the street address, including spaces All money amounts, including wage and income, balance due, interest and penalties

As others said, call his current and future employer as a reference, ask to see an offer letter, ask to see the last 2 months bank statement, or in the case of self-employed, ask to see last year's tax returns or some other documented income statement. Credit, criminal and eviction reports can go a long way to getting you most of these answers, but some do take some additional digging. Good luck! Let us know how it goes and if you have any other questions.

Some lenders have been known to make company resources available to loyal repeat customers, such as already being signed up for, and paying for, various employment verification services that were previously mentioned.

I don't follow. What does a lender have to do with my tenant screening?

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Updated about 5 years ago on 02/20/2020. Most recent reply

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Guevara M.Poster

Homeowner
Corpus Christi, TX

General Landlording & Rental Properties

How To Verify Income

Guevara M.Poster

Homeowner
Corpus Christi, TX

Posted May 27, 2017 15:53

I have a 1 bedroom, 1 bath condo that I have listed for rent. Have a single male who is moving into town for a new job as an professor at a local community college but won't be receiving his first check till the following month. How do I go about verifying his income?

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