Updated over 5 years ago on . Most recent reply
Including Applicants Mileage as part of monthly Gross Income?
A applicant for one of our rental properties submitted her application and included under gross monthly income the mileage she receives from driving at her work. I'm unsure if I can include that in her monthly income as I'm sure it fluctuates and isn't something I can truly verify because it's not part of her paycheck but a separate deposit every month. When you receive an application that has mileage income included on it do you guys include it as part of the gross monthly income or do you deduct it? I can't seem to find anything online about an official ruling on this. We have rentals in the state of Connecticut if anybody locally has any insights would be greatly appreciated!
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@Jenna Columbus mileage is a direct compensation for vehicle expense related to the job. It is not income. Some people feel like mileage is income because they fail to consider fuel, maintenance, insurance and vehicle wear. All those expenses offset the reimbursement.