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Updated almost 14 years ago on . Most recent reply

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Bienes Raices
  • Orlando, FL
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Dealing with tenant non- work sources of income (Disability, etc.)

Bienes Raices
  • Orlando, FL
Posted

What is the correct way to deal with this? Do you ask for additional bank statements, tax returns to see if the person has enough savings to supplement their Social Security benefits and qualify for 3X gross income?

What about people collecting Disability? Do you have to accept them even if you have a "must be employed" requirement in your criteria--are they a protected class?

Also what about someone who is collecting unemployment checks, but has savings? Would you pass?

Most Popular Reply

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George P.
  • Real Estate Investor
  • Baltimore, MD
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George P.
  • Real Estate Investor
  • Baltimore, MD
Replied
Originally posted by Bienes Raices:
^ Thanks...but does anyone know if I'm required to take someone who's on Disability as their main source of income? I've heard from friends that a lot of the people on Disability these days are scammers, nothing but trouble--that it's the new welfare.

Disabled people are protected class.
http://portal.hud.gov/hudportal/HUD?src=/program_offices/fair_housing_equal_opp/disabilities/inhousing
You don't have to accept them however if they do not meet your requirements.

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