Rentals in Port Saint Lucie>Question Details

samkork, Other/Just Looking in Port Saint Lucie, FL

Income verification required for Rental? (paystubs or w-2s, etc.)

Asked by samkork, Port Saint Lucie, FL Mon Sep 10, 2012

Friends income is sporatic (construction), wondering if this is a problem for renting.

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Answers

5
In short, yes. Income, credit, and background will be checked,as well as rental history. Need help finding a rental? Contact me by phone or email!

kimkeith@live.com
772.985.6046
1 vote Thank Flag Link Tue Sep 11, 2012
That is what the LL wants and if you want the apartment and have documented income why worry about it. You can cross out your account #'s or any other private information if needed.
0 votes Thank Flag Link Thu Sep 13, 2012
In short, as the prospective Tenant it's your responsibilty to show that you are capable of paying the Rent on a monthly basis consistently.
The Landlord wants a win-win Lease agreement.
Please feel free to contact me.
Thanks a Million!
Best Regards,
Constance Crawford, P. A.
Florida Realtor®
The finest compliment I can receive is a referral from my Friends and Clients.
Certified Distress Property Expert ®
Short Sales & Foreclosure Resource ®
Direct: (561) 601-2622
Fax: (800) 215-8895
E-mail: Constance@AdvantaRealty.com
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THINK FORECLOSURE IS THE ONLY OPTION? Think again: http://www.ConstanceCares.com
0 votes Thank Flag Link Thu Sep 13, 2012
It depends; many investors who own multiple rental properties calculate their vacancy and collection losses and will accept a Tenant based solely on the numbers. Example: If the home rents for a $1000. Per month and it sits empty for 1 month, the Owner is already at a loss of $1000. If the owner rents the property to a Tenant with less than perfect credit, collects 1st, last and security ($3000.) the owner can offset his losses. Let’s say the Tenant defaults, the Owner can post a 3 day notice on the door, and after 3 business days file a complaint with the court for eviction. The court will give the Tenant 5 more days to respond. However, if the Tenant argues the complaint, the Tenant will be required to put the disputed amount of rent in the court registry. At which time the court will hear the case for eviction and determine who the monies in the registry will go to. This whole process takes about 3 to 4 weeks. Either way, the Landlord gets his or her rent from the court or winds up keeping the last month rent and the security deposit. The cost of an eviction is about $400. The loss of rent for 1 month is $1000.00. This is a total of $1400. The Landlord is holding $2000.00 collected from the security deposit and last month’s rent. This is a net gain of $600.00 for the landlord. Thus, it makes sense to accept this Tenant based on the numbers. Keep in mind that most Landlords are not professional landlords. For many it is a second home they have decided to rent out and they will not look at the situation thru the eyes of an investor, but rather a homeowner with pride of ownership.
If you have any questions please feel free to call me anytime.
Chris Lewis, CDPE
Broker/Realtor®/President
Atlantic Winds Realty, Inc.
881 E. Prima Vista Blvd.
Port St. Lucie, FL 34952
Office: 800-732-4707 Ext. 201
Mobile: 772-240-4969
Fax: 800-792-6812
0 votes Thank Flag Link Tue Sep 11, 2012
Not necessarily. 2 recent bank statements wouldn't hurt.
0 votes Thank Flag Link Mon Sep 10, 2012
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