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Do Apartments Really Verify Income?

Do Apartments Really Verify Income?

Apartment hunting is exciting, but there are a few things you should know before you apply. The first one is that your income is very important. Apartment complexes verify your income as well as other factors. They want to know that you will be able to make timely payments each month for the rent so that they don’t have to go through expensive eviction processes. Each apartment complex is different. Therefore, one complex may have a more lenient verification practice than another one has. One complex may also have higher or lower minimum requirements than another one has, as well. It is up to you to do your due diligence and review several properties to see where your budget fits.

A leasing office is likely to ask you how long you’ve been working with your current employer and how much you make per paycheck or per month. They will want to see proof of the income you claim, and they may also verify your length of employment by calling your job or the toll-free number to verify your employment dates.

You may also have to go through a background check to qualify for an apartment rental. Another thing your prospective landlord may do is request a drug test. Property managers are now taking extra steps to ensure that they can have long-lasting tenants and as few court appearances as possible.

Before you apply for an apartment, you will need to clean up your financial profile as much as you can. You will need to check your credit score and try to raise it to a qualifying level. You can do that by ordering it and then reporting everything that doesn’t seem familiar. You can also pay down some debt or consolidate it. Try to stay on the job for at least two years to establish stability to the prospective landlord. Those steps will increase your chances of obtaining approval for the property you desire.