Questions about rental applications

[Freeman Schultz]

Along with a credit report, I have read that other documents for a rental application should be included. I was wondering what are the ones that are needed with every application? I have heard from one investor that you either need pay stubs or an employment letter. Both are not needed. Do you agree?

On this list, which ones do you ask for?

Recent bank statements

Employer letter that shows salary, time of employment and posiiton

Two years of tax returns

Pay stubs

Landlord reference letters

Credit report

[Michele Fischer]

We only ask for tax returns if the applicants are self employed.  Most employers are smart enough to not verify more than the minimal info, we ask for pay stub copies later in the process if our screener can't verify employment.  I would not trust a landlord reference letter, I call prior landlords, independently verifying their contact info on tax records when I can.