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Income Verification Helps Protect the Landlord

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One of the first things that you will be asked about when signing on a new apartment is your income. And you can’t just write down a number and hope that the landlord will accept it without any questions. You will need to have some proof of that income, whether it is bank statements, tax returns, W2s, or even your pay stubs. Sometimes your potential landlord will take the time to call your boss and check whether you are making a certain amount of income or not. But why is the landlord so interested in verifying your income before you move in?

 

The biggest reason why a landlord is going to do income verification is to protect themselves and to make sure they do not end up with a bad tenant in the unit. While we may think about a bad tenant as one who is too loud and makes a mess, in this case, we are looking at tenants who do not pay their rent and refuse to move out. While it isn’t a guarantee, the landlord will put in that minimum income requirement to help limit the risk of the tenant not paying when they move in.

 

The problem isn’t just with the rent not being paid; there can be some issues when the tenant is consistently late with the rent as well, even if they are able to pay the full amount. This can mess with the budgets, interest, savings, and the ability of the owner of the building to pay their bills each month. The landlord usually has a plan in place for when rent is due and it is important that the tenant respects that and makes the payment.

 

When tenants start to pay late or they are not able to pay for the full amount of the rent each month and they continue to live in the apartment, it can start to harm the reputation of the property as a good place to live. Other tenants may feel like they no longer need to pay their rent on time either.

 

Living in Anaheim will put you right in the middle of all the action in a beautiful location as well. If this is the place you want to call home, then it is time to get shopping to find a place that you can call your own. Our one-bedroom apartment near Anaheim will ensure that you have the space and privacy that you need, all at an affordable rate each month. Come and check out some of the great amenities we have available and see why our apartments are going to be the right ones for you today!

 

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