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Anonymous
No way would I let someone move in without verifying income. I've been in this business 30 years, and have caught more than enough people not telling the truth on applications even though we tell them we verify everything. They are taking the chance that we will be one of those companies that say they check but then don't, because they can't qualify anywhere else. It's a huge risk not to get pay stubs or proof of funds. We are small, but I can't imagine 2 evictions a month! We've had only one that went to court in 30 years, and we inherited that tenant from another manager. Someone needs to take the riskier tenants, just not going to be us
Posted 5 years 3 months ago
Michael Reprogel
We oversee properties that are income based, so most definitely we do require to verify income, past rental experience and the credit history.
I feel even if we were no income base we would still want to verify income so we can see that they will be able to pay the rent and utilites.
They have to list their income on the application, however I do not verify it until I am ready to offer them an apartment
Posted 5 years 3 months ago
Susie Ryman
Absolutely! Need to know source of income. No different than buying a car or home. Can you afford it?
Posted 5 years 3 months ago
Katy Boone
We require proof of income: 3x's the rent. Guarantor's must make 5x's the rent to qualify. We will accept paystubs (30 days), offer letter, SSI/Disability benefit docs, retirement account docs, or we have a verification form the employer can complete.
Posted 5 years 3 months ago
Dana Jiles
We dont require it. Nor did my previous company. I thought it was crazy at first, but, with both companies, the properties I was on had extremely low delinquencies. I questioned why we didn't and the response made perfect sense... If they pass the credit check, they obviously know how to manage their money. Why do we need to question them for proof? Additionally, we don't tell people we aren't going to ask for verification. So they most likely will put in an accurate amount.