Property Managers Trick Renters into Overspending – How to Avoid Disaster

You'll be required to provide proof of income. This usually takes the form of pay stubs from your job. Many pay stubs show not only regular pay. They may also show overtime commissions and other income sources. These other sources of income are likely to be non-recurring meaning that they won't be consistently available every month. When a property manager calculates how much you can afford to pay in rent they'll likely roll all of this income together and assume it will continue. Using this tactic allows the property manager to justify renting you the most expensive apartment you can afford. This could spell disaster.