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All Forum Posts by: Gabriel Anderson

Gabriel Anderson has started 1 posts and replied 3 times.

Post: Help w/ Weird NYC Pay Stubs / Bank Statements

Gabriel AndersonPosted
  • Investor
  • Los Angeles, CA
  • Posts 3
  • Votes 0
Quote from @Brad S.:

I just had something similar on a vacant rental. They provided their paystubs and bank statements. I reviewed the paystubs and saw that the ytd (year to date) total went down on one of them! That makes no sense! Anyway, they had some explanation, which actually almost made sense. I had my prop manager call their current landlord (listed on the application) to check the reference. They answered some things different than on the application and when my mgr asked why the house ownership (where they are current renting) is in a well-known large corporation name, they hurried off the phone, and weren't available after.

I contacted the publically listed owner, who is a national corp which owns thousands of rental homes, and they emailed me back that my applicants are currently being evicted! I dodged a bullet on the that one! Bottom line, if it doesn't feel right, triple check and verify everything. 

There are many people that won't check things out as deeply, and they will get problem tenants, don't be that Owner!


 Wow! Glad you did all that digging. It's definitely better to err on the side of caution, especially in CA. I'm glad they were up front with you - I don't think everyone always is.

Post: Help w/ Weird NYC Pay Stubs / Bank Statements

Gabriel AndersonPosted
  • Investor
  • Los Angeles, CA
  • Posts 3
  • Votes 0
Quote from @Jeff Copeland:

I have been burned by fake pay stubs before. They are frighteningly easy to obtain (google it). 

This is easily countered/confirmed by simply contacting the employer for an employment verification.

Definitely - I work in consumer finance so I know the pitfalls of underwriting. Employment verification thru NYC takes 20 days (!). Was hoping someone here could offer insight specifically into those pay patterns. Better safe than sorry from my perspective. Thanks!

Post: Help w/ Weird NYC Pay Stubs / Bank Statements

Gabriel AndersonPosted
  • Investor
  • Los Angeles, CA
  • Posts 3
  • Votes 0

I have an applicant who claims to be a teacher in NYC. I've seen pay stubs and one month of bank statements. I have never seen an employer make 4 different payroll deposits in a month. The deposit dates make little sense to me - two of them are two weeks apart, but on a Tuesday. The other two deposit dates just seem arbitrary. 

I'm also confused by the amounts. Documents show 11k going in, which seems like a lot for a teacher who is also living in public housing. 

Anyone have any experience with this? Tia!