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Updated about 5 years ago on . Most recent reply
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ITIN Tenant please HELP!
I have a 4-plex that's in a very heavily Hispanic neighborhood. I've had a ton of calls with folks that do not have a SSN but rather an ITIN number. One in particular is a single mom and has sent me proof of income, rental history and bank statements.
What can I do to minimize the risk of not being able to run a credit & background check? Monthly rent is 925/mo and she's comfortable paying a $1500 security deposit.
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This would be up to you. ITINs are for federal tax reporting only, and are not intended to serve any other purpose. ITINs only apply to the tax system. Interesting to note that the ITIN can be used to buy a house - without a SSAN! Another thing that makes America great (again).
What value does having a prospective tenants SSAN give that you can't get any other way?