All Forum Posts by: Alaxic Smith
Alaxic Smith has started 1 posts and replied 3 times.
Post: How do you verify income?
- New to Real Estate
- Los Angeles, CA
- Posts 3
- Votes 1
Originally posted by @Joanne Eriaku:
Not everyone gets paid through Bank account, I would obtain a letter of employment with salary stated and call HR to confirm. Landlord being in your bank accounts sounds a bit too off
Interesting feedback. The landlord will be unable to see specific transactions, and only will be able to see deposits for the purpose of verifying their employment. I do understand not everyone gets paid via a bank account, but I believe the large majority of people do, or they cash their check and deposit it into an account of some sort.
Post: How do you verify income?
- New to Real Estate
- Los Angeles, CA
- Posts 3
- Votes 1
Interesting. Thanks for all the feedback. It's really helpful when thinking of ways to simplify this process for landlords as well as tenants.
Post: How do you verify income?
- New to Real Estate
- Los Angeles, CA
- Posts 3
- Votes 1
Hello!
I'm a software engineer working on a tool that allows landlords to connect to the bank accounts of potential tenants to verify their income, employment, previous addresses, and their identity. I'm making a post here in an effort to understand how landlords are currently verifying the authenticity of tenant submitted bank statements, pay stubs, offer letters, and references? How can you determine if a tenant has submitted falsified documentation as part of your application process?