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Leasing Criteria- What do our property managers look for?

 

What do Rental Property Managers Evaluate?

 

  1. Rental History: We are looking for 2 years of rental history minimum, but we prefer 5 years. If there is a eviction in the last 5 years, then you could be denied.
  2. Criminal: Criminal convictions will depend on the nature:
  3. We do not rent to sexual offenders or murderers.
  4. We do not typically rent to violent offenders with a repetitive history of convictions related to assault or violent crimes
  5. We will look at other crimes on a case by case to see if there has been sufficient time to show the person has rental and employment verification that demonstrate that the tenant is not going to have any issues. Drug convictions can be denied.
  6. Credit: We do not have a fixed score to rent, but we will scan the report to see the types of items and how recent it was.
  7. If a person has a 620 or more, then there credit is considered solid.
  8. If 620 to 580, then there other criteria (rental, income) etc should be very solid
  9. If below 580, then usually there will be a adjustment of deposit
  10. If below 500, application will be automatically denied unless owner the property provides an exception.
  11. Each resident over the age of 18 must submit a separate rental application.
  12. Income: Our property managers are evaluating the for consistency (not requiring bonuses or overtime) and the stability of employment. We need verifiable income that shows a history of payments. 
  13. For w-2 income, we need 3 recent months of pay checks. 
  14. For self employed person, we need 2 years tax returns for self employed individuals (independent contractors), copy of bank statements, and we will request to do a bank deposit e-verification of income. 
  15. We do not include unemployment income in the calculation of combined income. 
  16. For animal status: you must go to https://ashokalion.petscreening.com to register all animals that will be on the property. Pets are based on owner preferences and should be double checked against our listing instruction on our page. 

 

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