Investor · Chicago, IL · Member since 2016 · 60 posts · 45 votes
I have a potential tenant whose rent will be paid by their employer. Essentially, this person receives a stipend and spends as they wish. What could go wrong? When I call the HR department, what specifically should I ask? I'm a little worried that this arrangement may end abruptly.
Investor · Buffalo, NY · Member since 2016 · 668 posts · 209 votes
9y
Don't bother the HR department unless they are signing the lease (fat chance of that happening). All occupants signs the lease, are responsible for payment, and subject to background/credit check per your standard policy. What happens if this guy loses his job and/or doesn't pay the rent? Doesn't look good from here.
Orlando, FL · Member since 2016 · 19 posts · 3 votes
9y
I have dealt with a few of these, I would just make sure that the checks are coming to you directly and that the company is a viable company that's not going to disappear anytime soon.
Investor · Chicago, IL · Member since 2016 · 60 posts · 45 votes
9y
@Frank Squire @Account Closed I'm going to contact this person's employer for an employment verification request anyway so why shouldn't I also mention this particular arrangement and ask for details?