What information should I ask for someone who owns their own company

What information should I ask for someone who owns their own company

Investor · Calgary, Alberta · Member since 2014 · 8 posts · 2 votes

Hello Everyone,

I currently have one of my rentals available and I have a gentleman interested in renting it. 

He owns his own company and it sounds like the company is pretty new although he claims to have a large contract with one of the bigger contractors.  Because of this he won't be able to give me a normal record of employment with salary on it. 

He also just divorced his wife and is looking to rent a place in the city (closer to work). So he won't have proper landlord references.. What kind of information should I be asking, so I can ensure I screen him the best I can. 

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  • Investor · Leominster, MA · Member since 2011 · 1k+ posts · 589 votes
    11y

    Id say the amount of information you ask for is relative to the amount of monthly rent. You could start with two months of bank statements and two years of tax returns. This will tell you if he has any money and if he has made any money. Also you could check his credit. 

  • Investor · Calgary, Alberta · Member since 2014 · 8 posts · 2 votes
    11y

    Thanks for the feedback @Rob Beland

    I was definitely going to be running a credit check, but your information on 2 years of tax returns would definitely make me feel more comfortable if they turned out positive. I wasn't really sure if I could ask for that much information. 

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