As we mentinoed in the previous section most landlords look for 40 times the monthly rent in annualised compensation and positive credit history. They review the following to make an informed decission.
The following is necessary for all applicants and gurantors:w
State or federal photo ID
Proof of income
Letter of employment on company letterhead detailing total annualised compensation, and length of employment.
2 Most recent pay stubs
Most recent tax returns (Top 2 pages of worksheet)
If self employed you will need the last 2 years of tax returns and a CPA letter verifying the authenticity of the tax returns
Proof of liquidity
Most recent bank statements
Any added investement statements that demonstrate liquidity
Every landlord has their own nuanced process. However there is a typical process that will guide you towards successfully leasing the unit of your choice the first time around!