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Updated almost 6 years ago on . Most recent reply

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11
Posts
3
Votes
Melissa M.
3
Votes |
11
Posts

Tenant Income Verification

Melissa M.
Posted

Hello, we have a potential tenant who just moved here to be closer to family and started a new job this past Monday.  She works for the state and her job transferred her here, but is in a different department.  She receives child support and state money for foster child.  What form of income verification would you ask for?  She hasn't been paid from the new job yet, and her W2 will reflect income from previous job. We really like her, but know the responsible thing to do is to verify her income, we just aren't sure the best thing to ask for.  Thoughts?

Most Popular Reply

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55
Posts
22
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Ilidio Cardoso
  • Real Estate Broker
  • Boston, Ma
22
Votes |
55
Posts
Ilidio Cardoso
  • Real Estate Broker
  • Boston, Ma
Replied

@Melissa M.

Hello

Have the applicant get an offer letter from her new employee along with her old pay stub.  

Run her credit. 

Make sure her total monthly income is 3x the rent.

Hope this helps and feel free to ask more questions. 

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