Solvency analyzes are common among real estate agencies to prevent non-payments and late payments. Of course, when you hire their services, their expert agents will do this work for you. Some even offer comprehensive rental management services, so that the owner entrusts their assets directly to them so they do not have to worry about anything.
It is common to request three payslips, the last ones, not only to make sure that the future tenant has recurring and stable income.
Agencies want to make sure that the rental price does not represent an impossible effort for the tenant. Although it is recommended that income does not exceed 30% of net income, the reality is that in some cases it reaches up to 40%.
Additionally, requesting the employment contract offers important information: the tenant’s job stability. Rental agencies generally look for full-time, permanent contracts with as much seniority as possible.
A discontinuous fixed contract, despite being indefinite, could be insufficient if the annual income. In that case, it might be advisable to request the latest tax return.
The professionals of the rental management platform Housfy Rentals have access to exclusive tools for calculating the viability of the operation, as they confess to us when asked about these methods.
These are web applications where the data of potential tenants is entered and a score is assigned to them according to their financial profile. The owners, with this information at their fingertips, can finish deciding who to rent their apartment to.
