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Updated almost 5 years ago on . Most recent reply

User Stats

27
Posts
41
Votes
Jenna Columbus
  • Rental Property Investor
  • Connecticut
41
Votes |
27
Posts

Including Applicants Mileage as part of monthly Gross Income?

Jenna Columbus
  • Rental Property Investor
  • Connecticut
Posted

A applicant for one of our rental properties submitted her application and included under gross monthly income the mileage she receives from driving at her work. I'm unsure if I can include that in her monthly income as I'm sure it fluctuates and isn't something I can truly verify because it's not part of her paycheck but a separate deposit every month. When you receive an application that has mileage income included on it do you guys include it as part of the gross monthly income or do you deduct it? I can't seem to find anything online about an official ruling on this. We have rentals in the state of Connecticut if anybody locally has any insights would be greatly appreciated!

Most Popular Reply

User Stats

9,999
Posts
18,562
Votes
Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
18,562
Votes |
9,999
Posts
Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorReplied

@Jenna Columbus mileage is a direct compensation for vehicle expense related to the job. It is not income. Some people feel like mileage is income because they fail to consider fuel, maintenance, insurance and vehicle wear.  All those expenses offset the reimbursement.

  • Joe Splitrock
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