First the short story: the apartment my husband and I are currently renting is going to be renovated and the new price is more than we can afford to pay every month. We love the apartment building we live in, but money is money. We have to be out by August 31.
Now for the long bit.
As anyone who is reading this blog knows I started a new job a week and a half ago. Most apartments want 2 pay stubs to prove how much you make. Well there’s a caveat. I’m self-employed. That means my pay stubs and taxes aren’t straight forward like the W2 checks you get through a corporation. I have to take out 20.25% on my own for state and Federal taxes. It’s a lot less than typical taxes, but it’s also not paid to the government until next April (tax time). So how do I prove that I have a full time job that pays enough to prove that my husband and I together make 2x’s the rent?
Here’s my plan.
Im going to draw up an excel sheet showing my voided check and the amount set aside for taxes. I’m lucky since I have been paying taxes for at least 10 years now so I don’t have to worry about estimated payments. I just use the current Self-employment rates and pay when I file my taxes. I’m hoping that will be enough to prove that I started part time and have moved to full time. Also I’m going to tell them to call my boss because she can confirm that I’m full time at $10/hr. I will have a second heck next Friday. Maybe we can put down a security deposit to hold any apartment while I get paid and can send them my second check. I’d hate to miss a good apartment because I happen to be new at my job. This can’t be a strange circumstance on the whole. I have enough for a security deposit but my husband and I will have to share the first month’s rent for that to work out in the timing. I hope the security deposit will hold the apartment until At least mid-August when I’ll finally have the money for the first month’s rent and then have the same deal I had before. Where the second month is going to be like 10-15 days before the third-twelfth months go back to die on the first.
Man! This stuff is confusing!!!
Take it easy and remember to smile.