Demand Rent proof 2020 (by NE [PA]) Jul 31, 2020 12:32 PM|
Demand Rent proof 2020 (by Vee [OH]) Jul 31, 2020 1:10 PM
Demand Rent proof 2020 (by Sisco [MO]) Jul 31, 2020 1:26 PM
Demand Rent proof 2020 (by John... [MI]) Jul 31, 2020 1:47 PM
Demand Rent proof 2020 (by NE [PA]) Jul 31, 2020 1:57 PM
Demand Rent proof 2020 (by laura [MD]) Jul 31, 2020 2:00 PM
Demand Rent proof 2020 (by Mike [CA]) Jul 31, 2020 2:24 PM
Demand Rent proof 2020 (by Robert J [CA]) Jul 31, 2020 3:02 PM
Demand Rent proof 2020 (by Barb [MO]) Jul 31, 2020 3:28 PM
Demand Rent proof 2020 (by RentsDue [MA]) Jul 31, 2020 3:54 PM
Demand Rent proof 2020 (by FloridaNative [FL]) Jul 31, 2020 4:18 PM
Demand Rent proof 2020 (by S i d [MO]) Jul 31, 2020 5:00 PM
Demand Rent proof 2020 (by BRAD 20,000 [IN]) Jul 31, 2020 10:57 PM
Demand Rent proof 2020 (by Nicole [PA]) Aug 1, 2020 9:36 AM
Demand Rent proof 2020 (by J [FL]) Aug 1, 2020 6:24 PM
Demand Rent proof 2020 (by Libi [NY]) Aug 1, 2020 8:08 PM
Demand Rent proof 2020 (by John... [MI]) Aug 3, 2020 8:24 AM
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Demand Rent proof 2020 (by NE [PA]) Posted on: Jul 31, 2020 12:32 PM
Mike Ca posted in the LL's locking out tenants post that he is demanding written proof from past landlords of timely payments for 2020. This is being done as part of his screening process.
I think that is a very good idea and absolutely critical to screening right now.
I felt that tidbit needed it's own thread so it didn't get buried in the other one.
Demand Rent proof 2020 (by Vee [OH]) Posted on: Jul 31, 2020 1:10 PM
At a convention a few years ago Jeffrey got the sleepy crowd to wake up by saying it is a good idea to ask for a copy of the existing lease. --76.188.xxx.xxx
Demand Rent proof 2020 (by Sisco [MO]) Posted on: Jul 31, 2020 1:26 PM
Bank Statements are effective in the effort to verify that rent has been paid and that the application responses were accurate. --67.43.xxx.xxx
Demand Rent proof 2020 (by John... [MI]) Posted on: Jul 31, 2020 1:47 PM
If a new landlord calls me and asks about the tenant's payment history, I will tell him the truth, of course.
But if someone called and demanded "written proof" of their payment history, I'd tell them to pound sand...
I don't mind a quick phone call, but I'm not "proving" anything to anyone in a situation like that.
Demand Rent proof 2020 (by NE [PA]) Posted on: Jul 31, 2020 1:57 PM
John..., that's why you put it on the tenant to get the written proof from the previous landlord and you call the previous landlord to verify what's written down.
If you had a good tenant who was leaving and asked you to write something up for him to show to his new landlord, you wouldn't do it? --50.107.xxx.xxx
Demand Rent proof 2020 (by laura [MD]) Posted on: Jul 31, 2020 2:00 PM
While i do not have any vacancies right now, i was thinking next vacancy i am going to ask for proof they are current on their rent. I will ask for bank statements, zelle/venmo records something. I have an old sale facebook ad for a rental that has been getting an unprecedented amount of inquiries. I have gotten more requests, like 10 times more in the past 2 months than the ad received in the past 3 years. I assume it is folks behind on rent, lookin to set up the next place when the eviction ban ends. --99.203.xxx.xxx
Demand Rent proof 2020 (by Mike [CA]) Posted on: Jul 31, 2020 2:24 PM
Thank you ne(pa)...I am letting my tenants know that they can pay by zelle if they want to so they can be their own reporter. I received a zelle notice last night. Those who pay by check can have their postmark be their "report of timeliness". Just save the envelopes and read the mailing dates. De facts is de facts. It also makes it easier to levy late fees...if it's postmarked the third let them argue with the post office. I have grown tired of explaining that placing a letter at their mailbox is not the same as mailing. A few years ago a letter carrier informed me they are NOT obligated to collect mail from a residence...I remember telling him that service was half their company name. He was unimpressed. --66.27.xxx.xxx
Demand Rent proof 2020 (by Robert J [CA]) Posted on: Jul 31, 2020 3:02 PM
I ask my applicants how they pay rent to their current landlord. Their answers are usually by Check, Bill Pay or online app.
I then ask the applicants to provide the last 6 months payment transactions, via a download or bank statement.
Demand Rent proof 2020 (by Barb [MO]) Posted on: Jul 31, 2020 3:28 PM
I didn't do that, but for my most recent applicants, I'm getting a cosigner that owns real estate in my state.
In fact, as part of the lease, I'm sending the cosigner page to the cosigner, along with a copy of the real estate tax payment page showing the paid taxes for 2019 and the address, and asking the co-signer to initial that it is the correct property.
If anything happens, now I have THAT to turn over to my lawyer. :)
Normally, I don't bother, but I accepted one that is starting over after divorce, so not a student (and I rent mostly to students) and another who is a student but is older, a transfer student, and had credit history that is less than expected. But, the brother and mother are listed on the title to the real estate. In each case, the property has been held by the same family for 5+ years. --67.43.xxx.xxx
Demand Rent proof 2020 (by RentsDue [MA]) Posted on: Jul 31, 2020 3:54 PM
I just added proof of up to date rent to my rental criteria. However, I don’t know that I would be able to detect a fraudulent receipt. It wouldn’t be hard for someone to come up with a fake Quickbooks or handwritten rent receipt. I use ClearNow so that would be great, but only if the applicant’s LL uses something like that. If it’s not EFT then a bank statement wouldn’t really help. They might pay on time but their LL doesn’t cash it right away. --68.118.xxx.xx
Demand Rent proof 2020 (by FloridaNative [FL]) Posted on: Jul 31, 2020 4:18 PM
I've been checking bank statements for rent payments as well as for deposits showing income. If there is nothing on the bank statement showing a rent payment (could be Zelle, or Venmo or check or anything in the right amount on the right date or before) then they haven't been paying rent IMO/IME. It's an auto decline if they can't prove rent payments. Recently I've received quite a few applications that have the 3 times rent but NONE of the paystubs or other proof of income show 3 times rent. That's an auto decline. It eliminates a huge percentage of applicants when you have the full bank statement, paystub (not screenshot of deposits), application and credit and background checks :) --68.104.xxx.xxx
Demand Rent proof 2020 (by S i d [MO]) Posted on: Jul 31, 2020 5:00 PM
I say this with all kindness to my friend and colleague NE, but I do not think this is any different than normal screening. My LL reference check includes "During the past 12 months, how often was the resident late paying rent or only paid partial rent?"
If the land lord would lie to me on that, they will lie to me if I demand "written proof". My land lord refs are all on written / typed questionnaires already.
As Sisco said, you can ask for bank statements from the tenant for the past 6 months and should see the regular monthly rent coming out on or before the due date. A lot of property managers in my town now give copies of the tenant ledger as well from their accounting software, so I can see rent payments, late fees, damages charges. Very handy! You might ask if they have a copy of that for you. --107.216.xxx.xxx
Demand Rent proof 2020 (by BRAD 20,000 [IN]) Posted on: Jul 31, 2020 10:57 PM
Good thinking, esp in our new economy.
Rather than ask the LL (who often lie, even those we KNOW within our own local assoc)
ask the res to get the printout.
Problem: MANY LLs do not keep rent records. It’s just in their heads.
Demand Rent proof 2020 (by Nicole [PA]) Posted on: Aug 1, 2020 9:36 AM
The majority of my tenants pay with money orders or personal checks. I don't necessarily deposit them in the bank they day they arrive. Long term tenants, I may even wait up to a week until I get around to going. --72.70.xxx.xx
Demand Rent proof 2020 (by J [FL]) Posted on: Aug 1, 2020 6:24 PM
I think this is a good idea...but getting proof from the T. I don't realistically see getting it from the landlord.
How would you deal with someone who is unbanked and claimed to have paid the prior LL with money orders or even cash? Receipts could easily be forged by the T.
Demand Rent proof 2020 (by Libi [NY]) Posted on: Aug 1, 2020 8:08 PM
I love the idea of proof payments.
Just in case you want to decline the applicant, you can always tell “waiting for a proof”.
If someone can show it to me, it will add a couple points to the application.
Too many people was telling that they are renting a room and want to rent from me the apartment just a $1,000 more. --174.204.xxx.xxx
Demand Rent proof 2020 (by John... [MI]) Posted on: Aug 3, 2020 8:24 AM
I just think that if you get this from the tenant, it could be so easily faked. In other words, the bad ones would just cheat around this anyhow.
It sounds to me about the same as asking a tenant for a copy of their credit report. We've discussed here MANY times how that is a horrible idea.
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