How Do You Screen And Qualify Tenants by Sunset Property Management?

How Do You Screen And Qualify Tenants?Want to learn more about how do you screen and qualify tenants? Below, please find our in-depth process for screening and qualifying Tenants and what is expected from the applicants. Learn More

 

Applying

We do not charge an application fee. Applying is FREE! Applicants can apply online at: https://sunsetspm.com/apply and fill it out carefully with as much information as possible.

 

Some things to note:


❖ We do verify the applicant’s current rental history & employment information provided in the application.
❖ Every person planning on living in the home over the age of 18 must also fill out an application and complete a credit/background check and provide income verification.
❖ If cosigners are allowed for a certain property they will need to also fill out an application and go through this same process as well. We prefer not to accept co-signers.

Income & Credit Qualifications

All Tenants must earn at least three times the rental rent (combined income). These are the forms of income we accept:


❖ We do not accept co-signers.
❖ Liquid assets (cash in the bank).
❖ Income and assistance vouchers (Section 8 & others).
❖ School financial aid, loans, and BAH.
❖ Debt to income ratio below 32%.
❖ Prospective Tenant(s) must earn a minimum gross income of 3 times the rent in a combined total.
❖ Must have a good credit score/history with a FICO score greater than 700.
❖ A credit check is required and is done through TransUnion. (They charge $30 per application. We receive no funds from this, the fee goes directly to Transunion.)

 

Proof Of Income

The types of documents you can use are good CLEAR digital photos and/or PDF files or scanned photos of any one of these:


❖ Two most recent pay stubs from the applicant’s job or Military LES statements.
❖ Letter from HR stating how much the applicant will be making.
❖ Last 3 months of bank statements showing deposits made.
❖ If the applicant is a student they may also send in scanned documentation from financial aid, school grants, or loans showing how much they will be receiving.
❖ Section 8 & other housing vouchers are accepted as a form of income, however, the applicant’s income qualifications remain 3 times the rental rate including Section 8 vouchers.

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