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
30 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. An Employment Verification (EV) must be completed.
Benefits award letter - dated within the last 60 days
Business, Self-Employed, Sole Proprietor income verification
Tax Statement, W-2s, etc. All Tax Statements need to be signed by applicant.
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/notarized affidavit, and if it is the only source of income, then the same "gift giver" must be a qualified Co-Signer
One (1) year of most recent consecutive current and previous landlord history per household
Family or friends are not valid landlord history and require 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 or ITIN 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.
Poor credit will require additional verification of application to determine credit worthiness
Up to two (2) years of landlord history will be verified
Double Deposit, Co-Signer requirement may be applied
Application may be denied
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.
Bankruptcy Chapter 7 must be discharged with corresponding paperwork
Bankruptcy Chapter 13 must have verification of 6 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". In these cases we will need the emancipation documents.
Regardless of age, gender, marital status, or familial parental status; Studio - 2 people, 1x1 - 3 people, 2x1 - 5 people, 2x2 - 5 people, 3x2 - 7 people
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 was disposed of 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.
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- $800 per pet deposit & $15 - $25 per pet monthly pet rent (depending on community)
Dogs over 25lbs must live on 1st floor only - double deposit & $15 - $50 monthly pet rent (depending on community)
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.
**Resident is required to have Renters insurance. If resident does not have renters insurance, Resident will automatically be enrolled with Stern Risk Partners @ $10/mo.**
*** 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.