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How much info do I need to give management co.?

Started by Hello
over 4 years ago
Posts: 9
Member since: Oct 2009
Discussion about
I want to apply for a studio rental and the agent gave me a link. It went to a large aggregator site that his co. has a storefront or whatever on. It said to fill out info including SS no. Then it had a place to upload documents to prove income; there were no guidelines of what to include. I don't know who would be accessing this info. Do they just want to know income, or do they want details about the income sources? (Why would they need that?) I want to use my 1040 as income proof, but is it OK if I redact everything in it except my Adjusted Gross income? Thanks.
Response by George
over 4 years ago
Posts: 1327
Member since: Jul 2017

It's safe to assume that whatever info you provide will not be well protected. Real estate agents, boards, and the like are horrible at protecting PII.

As for what's "acceptable", this varies by person and agency. You can always try for the minimum and see if that works. For example, for income, you could ask your employer for a letter stating your position, compensation, and tenure at the company. This will reveal far less than a tax return.

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Response by 300_mercer
over 4 years ago
Posts: 10553
Member since: Feb 2007

I believe SSN is needed to run a credit check. You may not be able to avoid giving that to the management company.

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Response by Hello
over 4 years ago
Posts: 9
Member since: Oct 2009

Thanks. I'm semi-retired and freelancing so can't get a letter. I think I will try redacting, and if they want to see more, I could show it to them some other way I guess, or look for some other rental that doesn't do things that way. The site doesn't even say it's secure.
They seem eager to rent out apts. and are offering two months free rent for the first year, so maybe they'll be lenient about whatever I show.

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Response by Hello
over 4 years ago
Posts: 9
Member since: Oct 2009

I didn't know they were notorious about that! Good to know!

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Response by front_porch
over 4 years ago
Posts: 5316
Member since: Mar 2008

I had a giant fight with a celebrity client once when I refused to use an online portal for her application, because I thought that there was a high chance that the info would be leaked. FWIW, many managing agents will take a paper application, but it will take longer, possibly a couple weeks longer, for them to process.

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Response by Hello
over 4 years ago
Posts: 9
Member since: Oct 2009

Interesting, thanks! Funny that she wanted to use it--but if it had leaked I'm sure she would NOT have been happy. :)

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Response by Admin2009
over 4 years ago
Posts: 380
Member since: Mar 2014

They want to make sure that you can afford the apartment
The less you info you provide, the less likely you are to get accepted

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Response by Hello
over 4 years ago
Posts: 9
Member since: Oct 2009

Well if I am showing the number that is my income for the year, do they really need to know each individual source of it? Not sure any of the sources really prove regularity of it or not, and I can show roughly same amounts for consecutive years, though they don't at all specify what they want.

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