Why does real estate agent ask for bank and investment statements?
I am trying to lease an apartment in nyc and the real estate agent is asking for my investment and banking statements. I dont really use my bank so the statement is pretty much empty.
- Common SenseLv 72 months ago
I can understand banking information to verify your income, but to ask for copies of your investment portfolio seems a bit off to me. Because you could cash in your investments at any moment so they are basically irrelevant to your earned income to pay a monthly lease.
- babyboomer1001Lv 72 months ago
Because it is his job to "qualify" you.
- G RLv 72 months ago
sounds like a scammer
- SlickterpLv 72 months ago
To show you can pay the rent of course.
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- curtisports2Lv 72 months ago
To verify your assets to back up your income. To verify from deposits of the income you claim you have that will pay the rent. If you work and have income, the money is being deposited somewhere. They need to see it.
- BillLv 62 months ago
How do you plan on paying rent if you don’t bank?
- Anonymous2 months ago
They don't want to waste their time showing you units if you do not have the income or assets to qualify.
- WilliamLv 72 months ago
They want to make sure you have the means (money) TO PAY RENT.