Choose which documents you will accept from self-employed, 1099 and gig-worker applicants, then generate the request.
SELF-EMPLOYED APPLICANT DOCUMENT REQUEST Documents we accept in place of pay stubs PLEASE PROVIDE • Personal bank statements — last 12 months • Business bank statements — last 12 months • Most recent filed tax return, including business schedules • 1099 forms from the prior year • Platform earnings statements (gig / marketplace work) HOW WE CALCULATE YOUR INCOME • Monthly income is the higher of: average documented deposits over 12 months, or net income on the most recent tax return divided by twelve. • The same income multiple is applied to self-employed and salaried applicants alike. • You may redact account numbers on bank statements. We need the deposits, not the account number.
A large and growing share of renters have no pay stub at all: contractors, rideshare and delivery drivers, freelancers, small business owners, seasonal workers. Rejecting them for lacking a document their work does not produce screens out income, not risk.
What you actually want to establish is the same thing a pay stub establishes: that money arrives regularly and is likely to keep arriving.
Many landlords settle on: twelve months of bank statements plus the most recent tax return, averaged to a monthly figure, measured against the same income multiple used for everyone else. That is verifiable, consistent, and fair to both salaried and self-employed applicants.
Every way a landlord can verify income, what each document proves, and how to combine them.
Check an applicant's income multiple, or work backwards from the multiple you require.
Choose exactly how you qualify applicants and generate a written requirements sheet.
A workable standard for contractors, freelancers, gig workers and business owners.
What each income document proves, how to corroborate it, and how to spot fabrication.
See how a rent amount sits against income and existing monthly obligations.