What counts as income?
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What counts as income? (by RentsDue [MA]) Sep 14, 2020 11:30 AM
       What counts as income? (by Sisco [MO]) Sep 14, 2020 11:45 AM
       What counts as income? (by plenty [MO]) Sep 14, 2020 11:50 AM
       What counts as income? (by Small potatoes [NY]) Sep 14, 2020 1:08 PM
       What counts as income? (by S i d [MO]) Sep 14, 2020 2:51 PM
       What counts as income? (by Robert,OntarioCanada [ON]) Sep 14, 2020 6:56 PM
       What counts as income? (by Johnny B. [MA]) Sep 15, 2020 4:34 AM
       What counts as income? (by plenty [MO]) Sep 15, 2020 7:35 AM
       What counts as income? (by RentsDue [MA]) Sep 15, 2020 8:49 AM
       What counts as income? (by J [FL]) Sep 15, 2020 8:52 AM
       What counts as income? (by RentsDue [MA]) Sep 15, 2020 9:01 AM
       What counts as income? (by J [FL]) Sep 15, 2020 9:06 AM
       What counts as income? (by J [FL]) Sep 15, 2020 9:17 AM
       What counts as income? (by J [FL]) Sep 15, 2020 9:17 AM
       What counts as income? (by Small potatoes [NY]) Sep 15, 2020 9:28 AM
       What counts as income? (by Scott [IN]) Sep 15, 2020 9:34 AM
       What counts as income? (by RentsDue [MA]) Sep 15, 2020 12:02 PM
       What counts as income? (by Ken [NY]) Sep 15, 2020 1:45 PM
       What counts as income? (by Johnny B. [MA]) Sep 15, 2020 2:08 PM

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What counts as income? (by RentsDue [MA]) Posted on: Sep 14, 2020 11:30 AM
Message:

I have a person interested in a home who is being very persistent. They claim not to have employment income but have SSI and ď cash assistanceĒ. They also seem to be wanting to use some sort of food stamp assistance as income as well as money their children receive from the state. This isnít a cheap place. I donít want to put myself in a bad situation here by denying for not enough income if it is income I have to accept. I donít think food assistance is income but itís just a debit card they cash out now so Iím confused. Possibly a tester because they slipped up.... after claiming no employment income said they needed a late appointment because of scheduling it around work. Iím very tempted to reply and ask them to include their employment income.

--174.192.x.xxx




What counts as income? (by Sisco [MO]) Posted on: Sep 14, 2020 11:45 AM
Message:

You seem to be most concerned with compliance of Fair housing laws.

Use this reply:Unfortunately, the application was not approved. For a more detailed explanation, please send a self addressed, stamped envelope to XXXXX XXXX XXXX. Please allow 4-6 weeks for reply. Best wishes in your housing search. - management

Make the applicant burn a few calories pursuing this and you will have likely heard the last from them. --67.43.xxx.xxx




What counts as income? (by plenty [MO]) Posted on: Sep 14, 2020 11:50 AM
Message:

If they work they have income! Just make the appointment when convenient for you and let them pay the application fee and see them on paper. Tell them to write all the information for you to consider on that paper. The end. Go to lunch. --99.203.xxx.xxx




What counts as income? (by Small potatoes [NY]) Posted on: Sep 14, 2020 1:08 PM
Message:

In NY I now have to consider all forms of income. All of those would count as income = funds received. Is MA the same? But do they meet your other criteria of 4x income, rental history w proof of payment, etc? The gray line is folks who say they have a voucher but have not received an 'award' until they have a lease. If they get a debit card ask for documentation that shows how much it is and how long it lasts. Ask them to show your award letters for all forms of income they want you to consider. Someone w their act together, can do this and points in the right direction if they make the minimum cut.

Problem is if you get applicant w kids and each once has a ss award which makes r them uncollectible. or I have a tenant that adopted fostered kids and gets a huge subsidy for that. I'm good till they age out of the house. --24.194.xxx.xxx




What counts as income? (by S i d [MO]) Posted on: Sep 14, 2020 2:51 PM
Message:

For my requirements, income must be garnisheable. Otherwise, you are basically an unsecured creditor, and I'm not into that kind of business. Therefore, I do not count any income unless it can be 1) Documented and 2) Able to be taken by force of law to satisfy debts.

Also, I 100% agree with what Sisco said. I do not state "income must be from a garnisheeable source" on my website list of criteria, but it is only my application. No need to show all the cards in my hand.

If you put the burden on them to ask why they are denied, few if any ever follow thru. I've been a LL since 2005 and never had one person follow thru asking.

There are lots of things I look for that I don't put on my application. One of the biggies is "cooperative."

--107.216.xxx.xxx




What counts as income? (by Robert,OntarioCanada [ON]) Posted on: Sep 14, 2020 6:56 PM
Message:

Social assistance no matter welfare or disability is considered income. Here there are no food stamps but there are private food banks where people can food such as the salvation army. If the income is insufficient to pay rent then for sure eventually will wind up evicting. Here is known that some people on social assistance are working on and off for cash under table while they live in subsidized rental housing along with no taxes are being paid on cash under table income. One way to avoid this is all adults are required to completely fill out rental applications no exceptions where unpaid utility bills and unpaid rent go hand in hand together. It is better to have the utilities separated out as this eliminates a lot of problem tenants as they unable to sign for utilities. After running a credit reports then may find a few rental addresses not listed on the rental application where will find out the true story. The socialist nuts believe that huge profits are being made on rental houses, rental units when repairs and renovations are expensive. Government owned rental units get large subsidies where it is not uncommon to lose $100,000 per year on a apartment complex where the private sector can do that. They do not even the harmonized sales tax 13 per cent when they buy supplies or services. Once the crisis is over funds for social programs is going to be severely limited. Can not be believe that they walk up three levels then be on welfare or disability. So say little on the phone where ask them to come in person where all adults are required to completely fill out rental applications along with provided three pieces of photocopied identification. One told they were going to take to human rights where they had a unpaid cable bill and unpaid cell phone bill for over $700 dollars. Said if they want rental unit the rent must come directly from social assistance end of story. They always reneged then it is a eviction. Housing should be never a right to trash out rental units along living for free. Another applicant said they were going to take human rights where told to contact the credit bureaus to resolve negative credit reports where owe thousands in judgements. One tenant knew them where they said they use meth.

--147.194.xxx.xx




What counts as income? (by Johnny B. [MA]) Posted on: Sep 15, 2020 4:34 AM
Message:

What is Ďcash assistanceí? If itís not verifiable I wouldnít consider it. --24.147.xx.xxx




What counts as income? (by plenty [MO]) Posted on: Sep 15, 2020 7:35 AM
Message:

Is this souce of income a form of discrimination? --99.203.xx.xx




What counts as income? (by RentsDue [MA]) Posted on: Sep 15, 2020 8:49 AM
Message:

Iím not really sure what ď cash assistanceĒ from the state means. They get an EBT card every month loaded up that they can just cash out and use the money for anything, so maybe thatís it. We havenít made it to the application stage because I have not showed them the home. The prescreening was very entertaining. They seem to be getting every form of state assistance ever created . They canít set up a showing when Iím available because they have to work ( but donít mention any employment income). They sent a second prescreening where the state income changed- it went up. I think it is possibly a tester because they mention an ESA and their childrenís ages. They did give me their credit scores and nobody would be approved based on that alone. I donít want to waste my time showing it. I have declined to show it to plenty of people with employment income, no ESAs and no kids based on credit score. Thatís why I prescreen. Showing it to everyone who wanted to see it would be a full time job itself. --68.118.xxx.xx




What counts as income? (by J [FL]) Posted on: Sep 15, 2020 8:52 AM
Message:

"Cash assistance"...reminds me of those J.G. Wentworth commercials..."need cash now". LOL. I bet it is a relative or ex-spouse giving them cash as needed.

You said the place is not cheap...so I bet they won't even have the 3X gross (or whatever you are using) once you actually verify what they have, vs. what they are claiming on the phone. --72.188.xxx.xxx




What counts as income? (by RentsDue [MA]) Posted on: Sep 15, 2020 9:01 AM
Message:

Iím not opposed to them using these forms of income. If this was a more affordable place I would not be concerned. What they get for SSI barely covers the rent. If the other benefits are not verifiable I have no way of calculating them in. No way am I giving keys to somebody who canít absolutely afford the rent when our government wants us to house people who canít pay for free. --68.118.xxx.xx




What counts as income? (by J [FL]) Posted on: Sep 15, 2020 9:06 AM
Message:

It's annoying, but personally I would go ahead and show it to them and take an application just to be safe. Schedule them close to other appointments so you aren't completely wasting your time going to meet them. --72.188.xxx.xxx




What counts as income? (by J [FL]) Posted on: Sep 15, 2020 9:17 AM
Message:

"They did give me their credit scores and nobody would be approved based on that alone."

OK wait -- if the credit doesn't meet your criteria, why show it to them? Did you tell them they fall below your minimum score?

--72.188.xxx.xxx




What counts as income? (by J [FL]) Posted on: Sep 15, 2020 9:17 AM
Message:

"They did give me their credit scores and nobody would be approved based on that alone."

OK wait -- if the credit doesn't meet your criteria, why show it to them? Did you tell them they fall below your minimum score?

--72.188.xxx.xxx




What counts as income? (by Small potatoes [NY]) Posted on: Sep 15, 2020 9:28 AM
Message:

There is no reason to show if they don't meet your minimum qualifications. On my pre-screening I ask for total monthly income you want considered for income. I say what it is in the ad but not on the form. If it's there on the form they meet that criteria to show. If they like it and want to apply them I'll get in to the details about ability to pay and other obligations like auto lease, etc.

You could dq for inconsistent information. --99.203.xx.xx




What counts as income? (by Scott [IN]) Posted on: Sep 15, 2020 9:34 AM
Message:

The cash assistance could be TANF. If so, there is a limit to how long they can collect benefits. You need that bit of information as well. --107.141.xx.xxx




What counts as income? (by RentsDue [MA]) Posted on: Sep 15, 2020 12:02 PM
Message:

After the additional requests for a showing ( where they included their credit score), I have no intention of showing it to them. I donít think I should reply to them at all because there is nothing to gain by that. I have dozens just like them right now that do not qualify. Engaging with them at all is like trying to nail Jello to a tree. Better to spend my time on the ones that do qualify. I am still hoping to get some clarification on what exactly counts as income regarding cash assistance from the state. --68.118.xxx.xx




What counts as income? (by Ken [NY]) Posted on: Sep 15, 2020 1:45 PM
Message:

Cash assistance to me sounds like money given to them by the county welfare office,in my area that is what it would mean --104.229.xxx.xxx




What counts as income? (by Johnny B. [MA]) Posted on: Sep 15, 2020 2:08 PM
Message:

I usually just say something like ó we are in the process of reviewing screening questionnaires, weíve had significant interest and will not be able to show it to everyone. And then just ignore after that. --24.147.xx.xxx



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