TimeBandit
Well-Known Member
- Joined
- Sep 18, 2019
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This ^^Bank statements provide a detailed financial picture that not even credit report will give you. I wouldn’t rent my house without seeing the last three month of a tenant bank statements. Best way - IMO to verify income, expenses, and to see how reoccurring expenses such as rent, car, credit card, and disposable income are used.
I took a one day "landlord" class at the local community college, the instructor has many "rent houses" as he calls them.
He asks applicants how much they make, how much they have in savings AND for 3 months of statements. When he gets pushback he just moves on to the next.
I have had a great tenant in mine for 7 years, I already have the August rent check in hand.