What income sources can I provide to verify that I'm qualified?
Income
All applicants are required to supply reasonable, reliable, and legal documentation on all income; all documentation on income is required in a timely manner. Documents must have applicants name on them to be accepted.
Examples of income are employee records, income tax records, social security documentation, monthly stipends, trust funds, and other sources that will reflect the ability to make monthly rental payments.
If one or more of the applicant(s) will be receiving income from a third party, that party must apply and be processed as a cosigner. Please see cosigner qualifications and responsibilities here.
RPM must be able to verify all income sources, and reserves the right to disqualify applicants for failure to prove income, supply adequate documentation, or prove the ability to support rental payments.
Name of Applicant or Cosigner must be listed on income documents for them to be accepted for verification.
Principle of Income Verification: The combined gross monthly income must be at least three times the monthly rent and must be verifiable. (See "What are your qualifications to rent?")
Learn about the required documents specific to your situation below.
You can submit all documents using our secure online rental application.
Employed
Form W-2, or an Employment Offer Letter with start date and future pay if recently hired
Paystubs: 2 most recent
Photo ID: state license or passport only
In case you can’t provide an Employment Offer Letter, a recent one-month bank statement can be submitted as a supporting document.
Income documents will only be considered for applicants if from a local job or if it is verifiable the job is remote.
Self-employed
Most recent years tax returns
Photo ID: state license or passport only
Proof of business
Recent one-month bank statement (please highlight deposits that are business related and redact any information regarding account numbers if you choose. Bank statement must show full name, date of statement, and deposits from income.)
Contractor
IRS documents: 1099 or 1040 only
Paystubs: 2 most recent
Photo ID: state license or passport only
Recent one-month bank statement
An additional month of security deposit may be required (between 1.5 to 2 months)
International Employee
Form W-2, or an Employment Offer Letter if recently hired within last 3 months
Work permit
Paystubs: 2 most recent
Photo ID: state license or passport only
IRS documents if employed for more than a year (1099 or 1040 only)
In case you can’t provide an Employment Offer Letter, a recent one-month bank statement can be submitted as a supporting document.
Student
Photo ID: state license or passport only
2 months security deposit
Student visa/permit if international student
If you do not have credit or cannot meet the required score, a co-signer must apply, sign the lease, and meet the Standard Qualifications.
Co-signer
May either be employed, self-employed, a contractor, or an international employee. Refer to the categories above for their respective requirements.
Allowable Income Document Types that we'll accept to verify your income.
Pay Stubs (2 most recent required, pay-stubs over 3 months old will not be accepted)
W2
Tax Returns (Most recent years tax return. If recent years return is not available, please submit most recent on file as well as bank statement)
Bank Statements
Offer Letters
Social Security Income Award Letters
Financial Aid (FAFSA Award Letters, etc.)
Trust Funds
Monthly Stipends
Letter of Employment (if recently hired)
Not Allowed
Hand written notes
Manually created spreadsheets
Cash deposits in bank account
