Retired Prospect For Our Rental - How To Verify Income?

[Gigi Ochoa]

Hi,

We have a retired teacher that wants to rent our unit. Everything checks out great about her - she even wants a 2 year lease, but how do we verify income? She showed us her retirement checks (those alone do not meet 3x rent). And she about to sell her home to downsize. We asked for a HUD statement to see how much proceeds she will get from that sale as well as bank statements.

Anything suggestions on how we handle this prospect?

[Dana Dunford]

@Gigi Ochoa -- The stable income is to verify the below, which you can get through other sources if the prospective tenant is retired:

• Ability to pay: bank statements and tax returns
• Willingness to pay (are they responsible with paying bills on-time): credit score