Hey BP Community!
So we are taking a stab at managing our first rental. Taking over from PM. The tenant that is moving out next month referred his friend, they have already seen the place multiple times and love it. Just had the lease application filled out and the one thing I am questioning is the employment section. His income is over the 3x we require for rent, but hire date says Dec 2020. I am going to call next week for employment verification. I think it may be a gov contracting job (military tenants/area/name of position)... but if its not a contract, what else could I use for further security? I used the lease application that came with Heather and Brandons book and have an appt with a tenant landlord lawyer next wk to draft up a lease.
Thanks for your input!!
@Meghan Freckleton-Hopkins If you're concerned, one option may be to require a co-signer on the lease. Best of luck!
@Tom Harkins thank you! That is a good idea. Waiting for employment verification to come back. Will see best course after I get the feedback from that back. But thats def something to consider! Thanks for taking time to respond!