How much information is to much information?

[Max Bellino]

Hi everyone,

Using RentRedi for the application process for screening tenets, and seems to ask for lots of information. It asks for the past two years of taxes, the past two years of W-2 form, Employment letter, and pay stubs. I don't want to overwhelm the tenet because I had one person apply and say "This is asinine the amount of info needed". What do most investors need to see to make sure the tenant can afford the rent?

Thank you!

[Richard F.]

Aloha,

The only time we ask for recent tax returns is in the case of "self employed". Most recent paystub WITH "year to date" info is generally sufficient by this time of year. Earlier or as a new job I would also ask for year end stub from prior year/job. Employment letter is marginally useful for those new to town or in a new job, as most companies have a 90 - 180 "probationary" period, so in those cases I do also request savings or IRA statements showing significant savings to show they are prepared. All documents must be full page printouts, no "screen shots" with partial info and no identifying data.