ServicesResident Income Verification
Resident Income Verification in Boynton Beach
We check and document resident income so your Live Local units hold up when FHFC or the property appraiser asks for proof. The same small team gathers the paperwork, runs it against current limits and keeps the file in order for your next filing.
Why income records matter to your exemption
The Live Local Act exemption covers only units rented to residents whose income is below limits set from area median income. A claimed unit without documented income behind it can fall out of the exemption. Verifying income is how you prove each claimed unit belongs.
We handle this for rental property owners and managers. We gather income records, measure them against this year's limits, point out what is missing and put together a clean file for every unit. That gives you ready answers for FHFC certification and the county DR-504AFH filing.
Our office is small. Whoever builds your file also reviews it, and that same person takes your call when you have a question.
What the work includes
Unit-by-unit income review
We go through every unit you plan to claim. Each resident's income is checked against the limit for that unit's tier and family size. You get a list showing which units qualify, which do not, and which need more paperwork.
Resident document collection
We give your leasing staff a short checklist: pay stubs, benefit letters, tax returns or employer statements. We follow up on gaps so your team is not chasing paper alone.
Current limits applied
Income limits change every year. We use the figures in effect for the filing you are preparing, so a unit that qualified last year gets checked again under this year's numbers.
Rent check on claimed units
Qualifying income is only half of it. We also confirm the rent charged on each claimed unit stays within the allowed level.
A file you keep
Every unit gets its own folder with the records and our worksheet. If the county asks a question months later, the answer is in one place.
Signs your income records need attention
Paperwork in three places
Some records sit with leasing, some with the management company, some nowhere. That makes it hard to prove anything at filing time.
Move-in checks only
Income was checked when the resident signed the lease years ago and never again. The exemption looks at current income, so stale records are a risk.
Unsure of a unit's tier
If you cannot say whether a unit counts at the higher or lower exemption level, the numbers need a closer look before you file.
A letter from the county
When the property appraiser asks for support on claimed units, the file usually needs to be rebuilt.
Staff turnover
When the person who handled income checks leaves, the method often leaves with them.
How we work through your units
- 1
A savings estimate
It starts with a phone call. We talk about your property, the unit count and how many units you think qualify, then give you a free savings estimate so you can see what the exemption may be worth.
- 2
Rent roll and records
You send the rent roll and whatever income records you have. We go over them with you by phone, by video or at our office.
- 3
Review and follow-up
We check each unit, mark the gaps and hand your staff a short list of what to request from each resident. We stay on the open items until the file is complete.
- 4
Final file and summary
You get a summary of qualifying units by tier and a folder for each one, ready to support your FHFC certification and DR-504AFH. Next year, you work with the same people for annual recertification.
What moves the cost
We price income verification after we see the property and its records. A clean, current file takes far less time than one built from scratch. You get the scope and the price in plain terms before any work starts.
- Number of units claimed
- More claimed units means more files to review and more residents to follow up with.
- Condition of existing records
- Recent, organized income records move quickly. Missing or years-old records take more digging.
- How fast residents respond
- Some residents hand over documents the first week. Others need several reminders, and that follow-up adds time.
- Timing
- Work started close to the winter filing deadlines leaves little room for follow-up. Starting early keeps things calmer and can keep the cost down.
- One year or ongoing
- A single-year review is priced differently from verification folded into our ongoing compliance support.
Income verification questions
Something not covered here? (561) 786-7157
Do my residents have to meet with you?
No. Most of the time we work with your leasing or management staff, who collect documents from residents. We walk your staff through what is needed by phone or video. Residents just provide the records asked for.
How often does income need to be checked?
The exemption is claimed each year, and a unit's status rests on current income. Plan on reviewing claimed units every year. Our annual recertification work picks up right where this leaves off.
What if a resident is over the income limit?
That unit generally does not count toward the exemption for that year. We flag it, and the other units on the property can still qualify. We show you how it changes your savings estimate so there are no surprises at filing.
Have you done this kind of work before?
Yes. Our office has prepared filings for about 100 Florida properties, and resident income records sit behind every one of them. The same small team handles your file from the first call to the final summary.
Is your office only for Boynton Beach properties?
No. A good share of the rental buildings on our desk sit in Delray Beach, Lantana, Greenacres and Boca Raton. Since most of the file work happens over the phone and on video calls, distance rarely slows anything down. If you would rather sit across a table, our office door is open.
See where your unit files stand
Give us a call and walk us through your property and how resident income gets tracked now. We will tell you plainly what is solid, what needs work and what the exemption could be worth.