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Updated over 5 years ago on . Most recent reply

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23
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3
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Ian Salinas
  • Insurance Agent
  • Valencia, CA
3
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23
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Proof of income when qualifying tenants

Ian Salinas
  • Insurance Agent
  • Valencia, CA
Posted

I am planning on managing it my first rental. I have someone who self employed that's interested on renting my house. What type of proof of income can I ask for and what can I not?

Most Popular Reply

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2,834
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Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
3,901
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2,834
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Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
Replied

@Ian Salinas

You can ask for just about anything. It’s up to them to prove they qualify. I would ask for 3 months bank statements and/or last two years taxes. Just like the banks asks for when you apply for a mortgage. I would not put in a lot of extra work. Tell them what they need to supply, and if they do not, move on to another applicant.

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