@Alaxic Smith Hello Alaxic,
Great question! As a landlord, you know that verifying your prospective tenant's income before signing the lease is a crucial aspect of background screening and can play a huge role in business success. There are a few ways that you can verify your prospective tenant's income...
Ask your prospective tenant to provide proof of income -- like a bank statement and recent paystub. In addition, it may be helpful to require that the applicant provides you with 2-3 employee references. That way you can conduct a quick phone call to ensure that the applicant's income and employment details are accurate.
In addition, you can use an Income Insights report, which is a report that analyzes income. Income Insights is a TransUnion SmartMove tool that uses data from the tenant's credit report to determine if their self-reported income is accurate. If it's not, then this may indicate that you need to ask for additional proof of income before signing the lease or move on to a new tenant.
I hope this helps and best of luck!
Sincerely,
Sam