@Marisa AlvarezI'll chime in here, based on my experience and what goes on in the "asset protection" market-place - in which there are: quality operations that have expertise and truly want to help you, and others that are just trying to "sell" as many of the identical (every "client" gets the exact same "structure" and a clerk just changes the names) legal documents, as possible.If you have a great history with your CPA and he's well-versed in LLC & tax, you'll probably do well to follow him on this.

All normal verification processes should of course still be used, but of the ten or so test neighborhoods I used when initially utilizing the program with which I was specifically familiar, it was pretty close to dead on.

Let's say Andy bought a house with 50% down ($100k house with $50k down) and I bought the identical house next door with 5% down ($5k down with $45k left as cash in the bank).

It's actually illegal to request and require the verification or validity of a rental applicant's service animal necessity.

I require a gov't issued photo ID to verify that the applicant's identity isn't stolen or fake; a copy of this is kept in the application file.

Literally, this is the only time in my entire life/career that I've encountered this: two identical credit reports.

Have you done any research to make sure your identity wasn't also stolen by this tenant?

In addition to doing income/employment verification also get previous rental history (this may not apply to this particular person), credit checks (can also help if income is hard to verify), personal reference, pet reference (if applicable), criminal background checksYou may also be able to charge first months rent, security deposit, and last months rent (for more security if your worried about there ability to pay)I found that going through the whole application and talking with references, checking credit, criminal background you tend to get a "feel" for how the person would be as a renter.

Upon verification, the consultant will partner you with a title insurance agent, clearing your property’s title and offering you protection from unexpected financial or legal obligations.

However, do not rely specifically on these services to do rental history screening or income verification; although some, like Cozy, will screen for eviction records, these often only come up if a money judgement was filed.