Rental Requirements

RENTAL REQUIREMENTS

Qualifying for our Properties

We are often asked “What do you need in order to qualify?” We take a number of things into consideration, but the three main components are your Credit/Background check, Employment/Income Qualification, and Rental History (if applicable).

CREDIT HISTORY

We do a credit check with the 3 main credit bureaus. Having no credit is not a problem and isn’t viewed negatively. With negative credit, we look at what type of negative history it is and how recent. Medical and student loans do not hurt your chances like a car repo, bankruptcy, etc. We also weigh heavily on good employment and rental history. Additional security deposit will be required with negative credit history, and at times can lead to the application being denied.

EMPLOYMENT / INCOME QUALIFICATION

When considering applicants for our rental properties, we pay close attention to the applicant’s current employment status and length on the job. In order to qualify, 30% of the household’s gross monthly income must cover the monthly rent for the property you are applying for. So if the asking rent is $1000/month, the household’s gross monthly income should be at least $3,350 per month. Proof of income through the most recent paycheck stubs is required when applying. If you are self-employed you will need to provide the previous two years tax returns and Schedule C (profit/loss). We will consider your income as the amount recorded after loss.

RENTAL HISTORY

If you are currently leasing or have leased in the past, we do contact your previous landlords for a reference.

If you are interested in applying in advance as a general applicant, please visit our “available units” tab. Once there, click on the “apply” button on the first listing with the Reeder Companies Logo.