Structured Settlement as INCOME for Rental.
A prospective tenant applied for one of my apartments. She has listed as income "Structured Settlement (Lawsuit)" coming in for about 67% of her income, the other 33% of her income is from her actual job.
Is there a way to find out about the result of the law suit/ settlement with out actually asking the tenant?
Has any other landlord on here accepted a tenant where the majority of their income was from a structured settlement law suit? My main concern here is to determine the length of the settlement because this tenant would not have enough job income to afford the apartment. I will ascertain her landlord references as well as credit and background in the next day or so I just wanted to shoot this out here to see if others had experience in dealing with structured settlement.