- Pay Stubs: Request recent pay stubs or earnings statements directly from the tenant’s employer. These documents should detail the tenant’s income, deductions, and other relevant financial information.
- Employment Verification Letter: Ask the tenant to provide a letter from their employer confirming their employment status, income, and length of employment.
- Tax Returns: Request the tenant’s recent tax returns, including Form W-2 or 1099, to verify their reported income.
- Bank Statements: Review the tenant’s bank statements to assess regular deposits that match their stated income.
- Offer Letter: If the tenant is starting a new job, request an official offer letter from the employer outlining their compensation package.
- Income Verification Service: Utilize third-party income verification services to independently confirm the tenant’s income through secure channels.
- Direct Contact with Employer: Reach out directly to the tenant’s employer to verify income and employment details.
- Rental Payment History: Review the tenant’s previous rental payment history to ensure consistent and on-time payments.
- Social Security or Disability Statements: If applicable, request documentation related to the tenant’s social security or disability income.
- Alimony or Child Support Documents: If the tenant receives alimony or child support, ask for court documents or official statements to confirm these income sources.
It’s important to maintain a respectful and transparent approach when requesting and verifying a tenant’s proof of income. Additionally, ensure compliance with relevant laws and regulations regarding tenant screening and privacy. By using a combination of these methods, you can confidently assess a tenant’s financial stability and make well-informed decisions during the rental application process.
Steve Schappert Founded, and is the broker at Connecticut Real Estate, Schappert owns The Connecticut Art Gallery and Home & Art Magazine Steve also designed, built, and shipped a zero-energy double-walled home to Germany. Schappert is an abstract painting artist and has painted, renovated and provided energy audits for over 1300 homes.
When it comes to real estate, construction and energy efficiency, Steve Schappert is one of the most sought-after experts in the field. With more than 40 years of experience in these areas, he has become a trusted source for reporters looking for insights on the industry. From helping develop net-zero homes to advising on sustainable building practices, Schappert’s knowledge and expertise is unrivaled. Whether it’s for a news article or an in-depth magazine story, reporters turn to Steve Schappert as a reliable source of information. With his expertise and guidance, they can ensure that their stories are accurate and up-to-date.
In the last year I have been interviewed by ABC News Manhattan, Connecticut Magazine and featured in 2 articles in The Washington Post.
If you are looking for a creative broker that thinks outside the box and has been a recognized expert for over 30 years call or text 203-994-3950