Pledge Property Management has a thorough 10 point tenant screening process.
Let's get started breaking down each criterion.
1. Income to Rent Ratio - Most of our properties require a verifiable net income between two and a half to three times the rent per application group.
2. Credit Score - Owners prefer credit scores over 600, but credit score alone is not a reason for automatically denying an applicant.
3. Bankruptcies - If an applicant has a bankruptcy they would need to be manually reviewed and would not necessarily result in an automatic denial.
4. Accounts in Collections - If an applicant has accounts in collections, the owner would need to consider these debts manually. Landlords often forgive medical and student debts below a specific limit.
5. Rental History - Potential tenants with an eviction judgment within the last five years are atomically denied.
6. Felonies and 7. Misdemeanors. - For applicants with criminal records, we would instruct the owner to evaluate if this offense would negatively affect the property, other residents or the neighborhood.
8. Sex Offender List Registrant - If the applicant is a register sex offender the owners would manually review their case.
9. OFAC/Terrorist Database Records - If an applicant is found on in the terrorist database, the owner would typically deny them.
10. Pet Screening - All pets are screened at Pledge.Petscreening.com. They have a thorough process of evaluating the pets and help us establish pet fees and pet rent. I hope this overview of the 10 point screening process was helpful.