Let's say someone has high assets (say, over a million), but currently has no salary, but do have passive (interest and dividends) income. How difficult would it be to rent an apartment? I've heard that some landlords would rent out an apartment on the basis of assets, but I'm curious how likely that would actually be in practice. Assume this is in the United States and that the renter has good credit and had good income a year ago, but currently has almost no income. So my questions would be:
- What kind of proof of assets would be required? A copy of a bank statement? A letter from your bank or brokerage?
- How much in assets would a landlord require?
- How common is it for a landlord to consider something like this?
- Would it be more common for a large corporate landlord, or a small mom-and-pop landlord?