Credit:
Of course everyone would like stellar credit, and every property manager would only like to get applicants with perfect credit.... there isn't much chance of that happening.
We take every applicant on a case by case basis. Sometimes a tenants understanding of what bad credit is, isn't necessarily something we would view as a problem. Of course the opposite is true as well.
Income:
Gross verifiable income for the household must be equal to or greater than 3 times the monthly rent.
Co-Signer:
On very rare occasion we will take a "co-signer" to help get an applicant into a property. Usually this happens when the applicant has more than adequate income, but has had trouble with their credit do to explainable/understandable circumstances. Co-signers have little incentive, other than to protect their own credit, should your fail to make your rental payments as agreed. Consequently, a co-signer must have perfect credit.
Application Fees:
Keep in mind that our application fees are non-refundable. If you know for sure you have bad credit, maybe even an eviction, you might want to think twice or at least have a heart-to-heart discussion with the property manager before risking your time and money.... it's your call.
|