Applying For A Rental Home

 

All potential residents of the property over the age of 18 must fill out a rental application found HERE

 

HERE is a breakdown of our tenant screening criteria

 FAQ:

 

Q.  Who has to fill out the application?

 

A.  Anyone who will be living in the home and is 18 years old or older.

 

Q.  Is there an application fee?

 

A.  Yes.  There is a $50 application fee PER PERSON.  This fee is non-refundable.

 

Q.  What is your pet policy?

 

 A.  Different homes have different policies however, most are as follows:  

  1. No more than two pets in the home.

  2. Dogs cannot be over 35lbs.

  3. Certain breeds are limited by our insurance including, but not limited to:  pit bulls, german shepherds, rottweilers, doberman pinschers, chows, huskies, or any mix of the above.

  4. An additional $100 pet deposit will be charged per pet.  It is refundable at the end of the lease term as long as there are no damages.

  5. An additional $25 per pet, per month, will be charged as well.  So, if you have a cat and a small dog, your rent would increase by $50.

 

Q.  My dog is 100lbs and on the bully breed list but he/she is:  so sweet, a lap dog, old, stays outside, been to obedience school, isn't destructive, etc...can you make an exception for my furry friend?

 

A.  I'm sorry but we cannot bend the rules for any reason.

 

Q.  What is your minimum income qualification?

A.  We consider your gross income when we are considering your income - that is the portion before taxes are taken out.  We want that amount to be approximately 3-4 times the amount of rent per month.  
For example:  
     You gross $800 a week
     You want to rent a home that is $895 per month.
     895 X 3=$2,685 minimum income needed
     800 X 4=$3,200 gross income per month**

     **You would qualify for our minimum income requirements**

 

Q.  How long before I have an answer about my application?

A.  It can take up to 7 business days to get all of the information needed together to make a decision.

 

Q.  How can I speed up my application process?


A.  There are several easy ways to speed up the application process.

  1. Provide us with a copy of your most recent pay stubs (about a month's worth) when you turn in your application.  This can act as both your income and employment verifications.

  2. Encourage your current landlord to fill out our rental verification ASAP.

 

Q.  How do you verify income?

A.  There are a few ways for us to verify income.

  1. By providing copies of your most recent pay stubs

  2. By providing a copy of the previous year's tax return

  3. Providing a bank statement that clearly shows regular deposits from your source of income

 

Q.  How do you verify employment?

A.  There are a few ways for us to verify your employment.  The easiest is by seeing copies of your most recent pay stubs.  We can also call your place of employment to verify, but this takes much longer.

 

Q.  What do you look for in public records?


A.  Don't worry if you have a few speeding tickets, we aren't looking for that!  We are looking to see if you have any previous judgements against you, any criminal convictions, or citations for illegal activity.

 

Q.  How do you get a rental reference?

 

A.  We will contact your current/former landlord and send them a quick survey to fill out.  Once they fax it back, we can check that off the list.

 

Q.  My credit isn't great, can I still rent?

 

A.  We understand that people sometimes make poor financial decisions or have a hardship that may impact their credit.  We aren't looking for perfect.  However, there are a few things that we will look for when qualifying you:

  1. Do you have a previous bankruptcy?

  2. If you have a previous bankruptcy, have you had time to re-establish credit?

  3. Do you have any judgements from previous landlords?

  4. Do you have any other types of judgements on your credit?

 

Q.  Will you allow a co-signer?

 

A.  In some situations where a tenant meets our qualifications but their income is just a bit too low, we will allow a co-signer.  The co-signer also must go through the application process and they must be homeowners in the state of Virginia.

 

Q.  If my application is accepted, how much money will I need to pay?

 

A.  Once your application is approved, we ask that you pay the full deposit amount immediately.  Your first month's rent will be due no later than the day you take possession.   If you move in during the middle of a month, the prorated rent charge will be due on the first day of the second month you are in the property.  Should you decide not to take the property once you have paid the deposit, but before you sign the lease, your deposit will be refunded to you minus a 10% administrative fee.

© 2020 by Bob Firestone & Company Real Estate

 

5

 Bob Firestone & Company Real Estate
5321 Cogbill Road
North Chesterfield, VA 23234
(804) 271-0164

Licensed in the State of Virginia


 

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