You can’t tell from an applicant’s past earnings whether they are still employed.įor hourly workers, ask for pay stubs in sequence for as long a time period as you need to feel comfortable. The disadvantage of pay stubs is that they are rearward-looking. If the stub is forged, the numbers will likely be random and very wrong.) (For instance, you can compare social security withholding to gross income. Typically, they will have a payroll company’s logo or other corporate brand, be formatted to fit on smaller paper, and have numbers that follow patterns.
Many applicants are already prepared to share their pay stubs with landlords. Pay stubs have the advantage of being familiar. The most common proof of income is looking at pay stubs. What counts as proof of income? How can landlords verify salary and government benefits? This article gives some tips and tricks for verifying income on a rental application. This is why we ask for “proof of income” on a rental application. Landlords and rental managers should verify an applicant’s ability to pay rent on an ongoing basis. Updated October 19th, 2021 by Nomer Caceres.
Blog » 7 Ways You Can Collect a Rental Applicant’s Proof of Income 7 Ways You Can Collect a Rental Applicant’s Proof of Income
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