Q & A EIV

Question: When I looked at my EIV New Hires report I saw that one of my tenants started working at the beginning of March.  I called her into the office and she said, “Yes, I am working and have only received one paycheck which was only for a few hours.”  She said that when she got her first full paycheck she was going to let me know.  Should I just use the one paystub, or third-party verify? Linda in New Jersey

Answer: Remind your tenants that they are required to let you know as soon as anyone becomes employed!  You should use standard third-party verification with the employer, since the job is too new to use the required 4-6 current, consecutive pay stubs.  Whenever you do use pay stubs, they must be accompanied by an EIV Income Report – which you won’t have for a while, since income is reported to EIV quarterly.