We, American Property Management, Inc. provide an equal housing opportunity. We do not discriminate in violation of the law or on the basis of any legally protected status. Any information provided that is incomplete, inaccurate, or falsified shall be grounds for denial of the application or subsequent termination of tenancy upon determination of such falsified information.
2.5 times the rent in gross monthly income
Verifiable employment income required, examples below
60 days of most recent paystubs from employers(Bank statements are not considered a valid form of employment verification)
New job offer letter-signed/dated by employer and applicant.
Benefits award letter- dated within the last 60 days
Business, Self-Employed, Sole Proprietor income verification
Tax Statement, W-2s, etc.
Must provide signed tax return with Schedule C attached. Net Business income on line 31 must meet income requirements.
Assets equivalent to 5 times the rent for the lease term verified to be in the applicant’s possession for at least 12 months prior to application
Gift income may be considered as income with a signed affidavit, and if it is the only source of income, then the same “gift giver” must be a qualified Co-Signer
Two (2) years of most recentconsecutive current and previous landlord history per household
Family or friends are not valid landlord history and required a co-signer or additional deposit requirements
2 or more late payments and/or NSF within recent 12 month period may result in denial of application.
Lease violations within recent 12 months may result in denial of application.
Failure to provide correct, verifiable references may result in denial of application.
Current and past landlord balances, Housing civil judgments and Housing collections over $1,000: will result in automatic denial.
Open Evictions will result in automatic denial.
Applicants without a valid social security number ITIN, applicants are required to pay deposit equivalent to 1.5 times the rent
A credit check through a national credit reporting firm will be ran for each applicant.
Collection accounts totaling over $20,000 other than utilities, medical bills, student loans and mortgage payments will result in automatic denial.
Collections: Utilities and medical are not counted against the applicant.
All other civil judgments and collections will be totaled up and graded upon results.
BankruptcyChapter 7 must be discharged with corresponding paperwork
Bankruptcy Chapter 13 must have verification of6 months of good payment history and meet the repayment plan requirements
All applicants must be 18 years of age or older, unless they are “Emancipated” or are “Legally Married”. In these cases we will need the emancipation documents or a Marriage Certificate.
Maximum of two (2) persons per bedroom plus one additional, regardless of age, gender, marital status, or familial parental status.
Maximum of two (2) persons in a Studio
Maximum of two (2) persons plus one additional in a one-bedroom
Maximum of four (4) persons plus one additional in a two-bedroom
Maximum of six (6) persons plus one additional in a three-bedroom
CO-SIGNER QUALIFICATION CRITERIA
Must meet same qualification as applicant and must make 5x’s the monthly rental amount in verifiable income.
A criminal records search will be performed for felony or misdemeanor offenses. All offenses must be disclosed on the rental application
For all non-violent Felony crimes, i.e. not involving injury or such effect to another human being, which have occurred more than 10 years prior to the date of application; this event will not be taken into consideration when making a final decision on the credit file. These non-violent Felonies will not automatically deny the applicant.
A Court Docket must be provided to clarify the offense
Any criminal conviction listed on the Criminal Criteria is grounds for automatic denial of application. Please read over carefully the “Criminal Criteria”.
Falsification of rental application may result in denial of application.
ID Verifications may need to be completed to verify applicant’s statements
Most recent vet records with vaccinations, breed, weight, and age required for pet approval
2 pets maximum permitted – 2 dogs, 2 cats or 1 cat & 1 dog
Dogs less than 25lbs - $300 - $600 per pet deposit & $15 - $30 per pet monthly pet fee (depending on community)
Dogs over 25lbs must live on 1st floor only – double deposit & $15- $30 monthly pet fee
Breed restrictions: Rottweiler, German Shepherd, Collies, Doberman Pinscher, Huskies, Malamutes, Chows, Great Danes, Akitas, Mastiffs, Wolf Hybrids, Cane Corsos, Dogo Argentino, Staffordshire Bull Terrier, American Staffordshire Terrier or any such type of Pit Bulls, Belgian Malinois
No reptiles, amphibians or cages animals are permitted.
CRIMINAL CONVICTIONS THAT MAY RESULT IN AUTOMATIC DENIAL
Any criminal conviction which results in a registered sex offender requirement and/or any sex offender registry requirement.
*** Any applicant that does not pass through first initial screening will receive a letter stating that your application is denied until further investigation may be done by the company’s Credit and Compliance Department. If an applicant fails to meet these criteria one of the following may occur: (1) Application may be denied, (2) additional security deposit may be required, (3) the requirement of a co-signer who will also be required to meet the screening criteria.(4)Applicants without a Social Security number or ITIN number will automatically be required to pay a 1.5 times rent deposit.