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You can verify income manually by requesting documents that show proof of income through a tenant screening company or through a property management service. However, you choose to verify income, tenants should be able to prove that they make at least three times the current monthly rent.
Pay stub. A good rule of thumb is to ask for pay dated stubs from the most recent three months. W2 tax form. A W2 will show an applicant's income from the previous tax year. Employer phone call.
Landlords call employers to verify you are actually employed. Some less-than-honest tenants may lie about employment and provide a phony number. Your landlord may also get your employment information off your credit report if your employer reports to the credit reporting bureaus.
Pretend to be looking for an apartment. Listen to the Responses. Check Social Media. Check Tax Records.
If you lie about income and can't substantiate with corresponding deposits you could easily get caught in your lie. The deposits going to your bank in no way would a landlord be able to pinpoint how much you make.
Give your name and title, and request the contact person listed on the application. If the person is not available, leave a call back number, name and good time to reach you. Greet the contact person when he gets on the line. Ask him to verify the former employee's job title, duties, attendance and ending salary.
Landlords call employers to verify you are actually employed. A landlord often calls the main line of the business to see if he can reach human resources or your boss. Your landlord may also get your employment information off your credit report if your employer reports to the credit reporting bureaus.
Landlords that don't use a screening service generally call employers to verify your income, and call at least one prior landlord for a short chat about you. If they actually check nothing else at all on the application, they will check those two things.
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