Sign Louisiana Banking Rental Application Myself

Initials employment verification letter for apartment rental

hi my name is Lisa and I'm the manager of apartment specialists in Austin Texas and I'm here today talking about qualifying criteria a one important important factor to get qualified with an apartment is they want to be able to verify your income verifiable income can come in various forms they typically will look at your employment history they would like to see that you have six months to a year of employment history and that you make more than three times the monthly rent so if you're looking to spend $700 your income needs to be $2,100 gross monthly income and that's before taxes now there are some apartment complexes that don't qualify on three times the rent there are some affordable housing complexes that will only do two and a half times the rent and there's some management companies around town that will do two times the rent but on the norm would be three times the rent to qualify for an apartment complex so bank statements could be an option if you are relocating to Austin and you're still trying to secure a job you can use bank statements oftentimes they would like to show that you have the amount of the rent times the lease term so if you're doing a 12-month lease you need to have 700 times 12 if you're doing a shorter lease term of course you have you can have less money in the bank so bank statements could be one way to get qualified on income another way is if you are just starting a job in Austin properties won't penalize you for starting a new job they would like to see a an employment letter of hire on company letterhead will suffice for employment stating when you plan to start your job and how much income that they anticipate that you will be making so letter of hire would work as well as bank statements couple of other avenues you get are forms of proof of income would be we talked about bank statements we could also use a cosigner if you have someone that is willing to vouch for you then they can fax them a cosigner application and they would just need to fill it out it's a very brief form they don't even have to be in the City of Austin they can be out of state even and and they would just fax their information back to the property along with their proof of their income typically a cosigner would need to make more than three times the monthly rent a couple of other ways that you could get qualified there are a couple of places that want to just kind of look at your credit criminal history and they will use 401ks or they can use gifts sometimes even we can use financial aid if someone is a student they can use financial aid as long as it's enough income or shows enough income to suffice for the entire lease term so again if you have any kind of questions about if your income is enough to qualify for an apartment please call an apartment locator and we can help you leash the right property