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?Source of income? is defined as legal, verifiable income paid directly to the tenant or his or. her representative (such as a payee). Some examples of income types are Social Security, Supplemental Security Income (SSI), AFDC or CalWorks, unemployment insurance, veteran's benefits, pensions, and wages.
The main reason for sourcing your funds is that your lender needs to know where the money for your mortgage loan is coming from. In other words, they want to make sure you have personally accumulated the money ? and that it's not borrowed from someone else.
Is TurboTenant a Scam? TurboTenant is not a scam. They provide a free property management software to landlords and property owners. Because the service is free to landlords, the rental applicants pay for the application and background checks.
applicant has all the tenant responsibilities as the primary applicant, they become a cotenant. They may or may not live there all the time with the primary tenant (such as a student who comes home from college, thinking the other way around, there are other examples, oil field workers, military, etc).
Dear (Landlord name), My name is (Your name), and I'm writing to you to express my interest in the home at (address or property name). I would love to live in this place because (reasons you want to rent the property). I currently am a tenant at (current address) but am ready to move because (reason for moving).