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- Hey everybody, Im Mack from Rentspree, here today to talk through the 10 methods that landlords can use to verify proof of income. Lets start from the top, shall we? Number one, the W2 tax form. This is showing applicants income from the previous tax year so it should give a good insight into what your applicant is earning this current year. The second proof of income type is the 1040 tax return. Now, this one gives a clear snapshot into an applicants wages and gross income from the previous year. Number three is the 1099 tax form. Now, this one is used by independent contractors or contract workers that cover their own employment taxes. Number four is bank statements. Now, these are the official summaries of somebodys financial transactions. Now, these are really informative to the landlord because it gives a comprehensive picture as to how somebody spends their money. Number five is a Social Security statement. Now, this relates to Social Security benefits that one receives f
