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I am completing an application and it is asking for my bank number and my current bank balance. I don't mind relinquishing that information, but what I am worried about is the landlord seeing exactly how much money is in my account. At the bottom of the application, before the signature mark, is a statement that reads:
"I authorize Landlord, or any person or entity on behalf of Landlord to obtain a credit report and obtain from any person or organization any information concerning my credit worthiness and or any information concerning me."
I just want to know that if I submit that application, which allows then to obtain a credit report (which is perfectly fine with me), will they also have to ability to know exactly how much I have in my bank account at this very moment ? I make enough to cover the rent, but my bank balance as of today is extremely low compared to what I will have by the end of the month. I don't want to get caught in a lie if the application is asking for my current bank balance and I list more in the bank that I actually have.
No I have never looked up someone's bank account. I would need your access code to call and check balance. I look for a few things
How you interact with me when answering my questions.
Your income
Your credit and criminal background
The only reason I even look at these things is simply to make sure you're not some crazy child molesting ax murderer and you actually have a job and can pay the rent without problems. I don't get involved in my tenants personal life. I just want to make sure their financial issues do not become my financial issues
When I took applications, I told applicants not to fill out that info. I didn't need it, and I felt like it wasn't my business - unless they were using their savings account as proof they could afford rent. If you have a pay stub and verifiable income, and references, and a good credit score, that should be enough.
Why don't you ask them if that info is really necessary? Tell them you are not comfortable giving out your bank account numbers (although it will be on your check, anyway). But, still, just ask nicely and see what they say.
But, to your question, they could look at what you write on the application as far as seeing if the account number matches the one on your check (if they even take a check from you, and don't insist on a money order for move-in money). But, the bank would never tell them how much is in your account. So, no, they can't see how much you have in the bank.
My current landlord asked me for a copy of my statement. It corroborates your paycheck stubs, shows if you've been making rent payments recently, etc. It's a reasonable thing to request IMO, just let the landlord know the current balance is low so it's something you disclosed to them ahead of time and not an "ah-HA" moment.
My current landlord asked me for a copy of my statement. It corroborates your paycheck stubs, shows if you've been making rent payments recently, etc. It's a reasonable thing to request IMO, just let the landlord know the current balance is low so it's something you disclosed to them ahead of time and not an "ah-HA" moment.
That just seems so invasive. I had to provide 6 months of bank statements where I am now, but it's a federally funded senior low income building. When you get goodies from the govt, you let them into your life.
But, I'd balk at any other landlord asking me for bank statements. Sheesh what if somebody is into buying porn or who knows what-all lol! There are other ways to prove your income and there are canceled checks that can be provided to show you pay the rent. What else you do with your money is your business, not some nosy landlord's.
IMO. And I was an apt mgr, and truthfully, I don't want to know the details of anybody's life LOL! My boss, on the other hand, would have had a field day having access to people's complete spending habits. Because he's nosy!
My current landlord asked me for a copy of my statement. It corroborates your paycheck stubs, shows if you've been making rent payments recently, etc. It's a reasonable thing to request IMO, just let the landlord know the current balance is low so it's something you disclosed to them ahead of time and not an "ah-HA" moment.
Can't they get that information from your landlord? I would think that the first question a LL asks is "does he pay rent on time?" before verifying that he doesn't render goat lard all day in the apartment or or practice his drums at 2:00 AM.
Besides, you could have a bank balance of $7,800 when you fill the application out this morning, then pay your car payment, rent, child support, cable bill, and have it be something totally different when the manager reviews it.
Can't they get that information from your landlord? I would think that the first question a LL asks is "does he pay rent on time?" ...
Exactly. You don't need a copy of anyone's bank statement to show that they've paid their rent in a timely fashion, nor do you need it to obtain a credit report.
My sister who is retired and has perfect credit had her potential landlord look over her statements and ask why she spent 4000 in one month! She has 20,000 in bank and bought a piano last month, but isn't that almost criminal, and she said she didn't want to count her alimony as he might die and wanted court papers to prove she receives it for life! (By the way, my sister has never gone to court to raise this alimony and is slightly disabled so am wondering if the landlord broke some kind of fair housing law turning her down when she has perfect credit and qualified income wise!)
My sister who is retired and has perfect credit had her potential landlord look over her statements and ask why she spent 4000 in one month! She has 20,000 in bank and bought a piano last month, but isn't that almost criminal, and she said she didn't want to count her alimony as he might die and wanted court papers to prove she receives it for life! (By the way, my sister has never gone to court to raise this alimony and is slightly disabled so am wondering if the landlord broke some kind of fair housing law turning her down when she has perfect credit and qualified income wise!)
Why did she allow the prospective LL to look over her statement in the first place? No reason at all she should have done so. What was the reason the LL gave for denying her application?
I only once asked for more financial data because my applicant said his income was $200 from Social Security. Turns out he and wifey are amicably separated but with financials together they are well off, lots of savings and retirement money. Mostly hers but WTH.
I often have tenants furnish me with all sorts of financial information and documentation I never asked for.
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