HELP: Left corporate; starting company. Need to rent in new city

[Joe Sohat]

Hi,

My question is about how to successfully pass a rental application when starting your own company.

I recently took a Leave of Absence from my corporate job in order to found a company...some time has passed and I now need to move to a different city (Austin texas). I'm still in the development phase of the company, and am not generating much revenue (expect to soon...).

Current stats:
Credit Score >750
Credit util 8%
Personal bank accnt = 60k
Company bank accnt = 50k
Current monthly payments (car & health ins) = $800
Currently paying myself $7500/month (transfer from company bank to my personal)

I'm going to be submitting several apartment rental applications.

What is the best way to present my current situation so I can pass the application? How do I prove income?

I am still officially "employed" by my corporate job (previously ~ $12k/month before sabbatical). My 2016 tax return has all my W-2 income from my corporate job. If you call the corporate HR, they will still say that I am employed (not sure if they give out my LoA status?). So, do I explain my situation to the leasing company, or do I just submit the application as if I was still receiving income from my corporate job?


Thanks in advance for all the help
Joe

[Jieh Larson]

Proof of funds that the management can verify will be required. I'd show both bank accounts and highlight the transfers to your personal account. You can get something official from the bank instead of printing it out and have someone there sign it with contact information.  

I wouldn't be dishonest with them.