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Updated about 2 years ago on . Most recent reply

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Alvin Sylvain
  • Los Angeles
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Seems to Qualify but Application has Discrepancies -- Reject?

Alvin Sylvain
  • Los Angeles
Posted

OK, for some of you long-term landlords this is probably an easy one.

I looked at the applicants' pay-stubs and SSI letter, and pro forma, with two jobs, overtime, and SSI, they do make 3x the rent.

My main question is, the numbers I calculate and the numbers they put on the application do not agree. Which by itself wouldn't worry me greatly as the overtime obviously varies from month to month. But in stating the SSI income the application, they put roughly $1000 more than what the SSI letter said. That number at least ought to agree as there is no variability.

Didn't they even read the letter when they provided it with the application?

So do I chalk this up to simple mistakes or assume they are attempting to misrepresent themselves?

And more to the point, as I'm leaning towards rejection anyway, what do I put on the rejection letter? I don't see online any examples where the application was rejected because the stated numbers didn't match the proof provided.

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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
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Bruce Woodruff
#1 Contractors Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

I'd assume they're fudging. You don't need a letter, if they ask say you rented to  someone else....

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