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Updated almost 6 years ago,
Qualifying a tenant based on disability income?
I'm in the process of renting out my second property. I've had a few interested parties but nobody who actually put in an application yet.
The only couple who's ready to put an app in is an older couple and their only source of income is the husband's disability payments.
I'm not familiar with disability, but the only proof they can provide me is some old, wrinkly piece of paper that describes the benefits. When I asked for bank statements to prove the amount actually being deposited, they told me that they receive them on some sort of preloaded debit card and they don't have a way of showing it.
I don't want to disqualify them, but without proof that they can actually meet the 3x rent monthly income how can I check if they can actually afford the house?