Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

14
Posts
13
Votes
Shiv B.
  • Homeowner
  • Columbus, OH
13
Votes |
14
Posts

Tenant Screening and Approval Questions

Shiv B.
  • Homeowner
  • Columbus, OH
Posted

Hello all, just looking for input on how to address the following situations with a rental application:

a. Applicant has indicated previously owned a home with spouse but is currently going through divorce and living with relative along with two minor children and is unable to provide previous landlord references.

b. Applicant's wage income is below 3x rent and does not qualify on this basis, but has indicated government assistance for two minor children. Including assistance for children income exceeds 3x rent. Can applicant be asked to provide proof of assistance and treat this as qualifying income for purpose of renting?

 I wondered whether the above should be treated as red flags for screening or not?

Thank you.

Most Popular Reply

User Stats

2,323
Posts
1,584
Votes
Richard F.#1 Tenant Screening Contributor
  • Property Manager
  • Honolulu, HI
1,584
Votes |
2,323
Posts
Richard F.#1 Tenant Screening Contributor
  • Property Manager
  • Honolulu, HI
Replied
Aloha,

You can always ask for documentation or additional information to verify sources. Any Government assistance typically provides at least an annual formal letter stating what the benefit is and dollar amount. Request that letter. AND, ask for bank statements showing those deposits (which you would also want to require if this were spousal or child support...often awarded, but not paid). Depending on the type of assistance and overall job stability of the applicant, you may want annual updates at renewal time. Also be aware of the age of the children and of/when that benefit may cease.

Loading replies...