APPLICATION CRITERIA

Please review our rental application process, by which we will review your application for tenancy. You must meet the following standards to qualify for any single-family home or apartment managed by Investment Realty Advisors. Applicants are judged by the same standards, one person or family at a time, on a first-come-first-served basis. If a renter meets all listed application criteria, we can move forward with a lease agreement. 

 

$25 Non-Refundable Application Fee

Every occupant over the age of 18 years old must fill out the application.

 

IDENTIFICATION

All applicants must provide current and valid photo identification at the time of application.

 

EMPLOYMENT REQUIREMENTS

Investment Realty Advisors will verify the applicant's employment. With the application, applicant's must provide one of the following:

  • Three most recent months of pay stubs from current employer.
  • Most recent tax return
  • Offer Letter from a new company with income rate listed within
  • Self-employed applicants must provide a current CPA-prepared financial statement, personal bank statements, and most recent tax return.

 

INCOME REQUIREMENTS

A verifiable source of income (employment/retirement/social security/disability/etc.) is required. The combined gross income of all persons living in the rental must be three times the monthly rental rate. Applicants that do not meet the above employment or income requirements must provide a cosigner and/or savings account statements showing a minimum balance equal to 36 months rental payments.

 

RENTAL HISTORY

Applicants must provide name, address, and dates of tenancy for previous landlords for two years to verify rental history. An application will not be approved if prior evictions, defaults in lease agreements, untimely rental payments, or outstanding balances are owed to another landlord.

 

CREDIT HISTORY

We will request a comprehensive credit report from a credit-reporting agency. Credit reports must reflect that all accounts are current. Application for tenancy will be denied if you have filed for bankruptcy within the past 18 months. Any bankruptcy must have been discharged at least one year from the date of application. All collection and past due accounts will be taken into consideration. Based on your credit history, you may be asked to pay a credit contingency fee, have a well-qualified consigner, pay an additional deposit, or some combination of these in order to qualify.

CRIMINAL HISTORY

Applicants will be asked to disclose any prior arrests, convictions or pending criminal actions. A criminal background check will be conducted. Failure to disclose is grounds for denial. Arrests and pending criminal actions will not, in themselves, be grounds for denial but may be factors used along with other criteria. An application could be rejected if any applicants have been convicted of a type of crime that would be considered a serious threat to the rental property, other residents or neighbors. Management will consider the nature of the crime and the severity of the crime, along with how much time has passed since the criminal activity and the release from any imprisonment, parole, or probation. Persons who are listed on any sex offender list will not be considered.

MAXIMUM OCCUPANCY

Two persons per one bedroom (+ 1 when an occupant is under 18). Please be aware that we abide by all county and city occupancy standards, so please check with your local municipality before applying.

 

TIMING

An application takes approximately 2-3 days to process. Move-in dates must be within 14 days of availability or 14 days of the day applicant is notified of approval. Holding a property longer than ten days will require owner approval. A lease must be signed within three days of approval, and your lease must be signed at least 2 hours before actually moving in. If you or any co-applicant fails to sign as required, we may keep the application deposit as liquidated damages and terminate all further obligations. Rent will be prorated according to the day you move in.

Investment Realty Advisors is committed to equal housing opportunity. We do not discriminate against anyone based on race, color, religion, sex, disability, family status, national origin, source of income, sexual orientation, or gender identity. See our available rentals below.