Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

1,457
Posts
465
Votes
Sam Leon
  • Investor
  • Fort Lauderdale, FL
465
Votes |
1,457
Posts

Tenant applicant has no job going back to school

Sam Leon
  • Investor
  • Fort Lauderdale, FL
Posted

This makes it a challenge as there is no income verification possible.

I am going to ask for tax returns last few years to see previous income levels.

But without income, applicant says she has enough funds saved up.

I am on the fence on this one.

I haven't check anything yet, I will - if I decide to not reject her based on no verifiable income - then there is no point checking the rest.

What would you accept as an alternative to income?

Proof of funds for 1 year lease term, say a bank letter saying she has this fund in her account and the average balance over a year?

Most Popular Reply

Account Closed
  • Dallas, TX
744
Votes |
4,988
Posts
Account Closed
  • Dallas, TX
Replied
I heard that people that cannot prove income will put years worth of rent in their lawyer's escrow account and each month the lawyer sends a check to the landlord.

Joe Gore

Loading replies...