Tenant Application Criteria
Our background check consists of collecting and reviewing the following information:
- Credit score
- Identity verification
- Public record search
- Criminal history
- Rent-to-income verification
- Eviction records
- Employment verification
- Rental history
Credit Score
Yes, credit scores are important to us, but we are more interested in the things that created the credit score than the score itself. A less than desirable credit score may be off-set by great rental history and solid income.
- 650-800 = Standard Approval*
- 600-649 = Conditional Approval* (typically requires double-deposit)
- 530-599 = Possible Denial (If approved, double deposit will be required)
- Below 530 = Credit scores below 530 will not be approved, even with a double deposit
*Other factors that may affect the overall approval
Criminal History
Residency may be denied due to a criminal record; please see criminal criteria below:
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Automatic Denial of Tenancy For Convicted Crimes Within the Past Seven Years Include:
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1st, 2nd, and 3rd degree murder
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Harassment or stalking
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Kidnapping
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Simple or aggravated robbery
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Terrorist threats
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Felony controlled substance
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Felony burglary/theft
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Arson
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1st, 2nd, 3rd and 4th degree sexual assault or misconduct
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2nd degree manslaughter
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1st and 2nd degree assault
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In possession of a controlled substance or intent to distribute a controlled substance
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At attempt to commit one of the above stated crimes
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Misdemeanors
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Any Misdemeanor may be subject to Denial
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Type of charge and date of conviction may affect the decision
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Proof of resolution may also be required
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Felonies
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Any Felony conviction less than 7 years from release will be denied
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Per Federal regulation, drug and alcohol use felonies may be acceptable with proper documentation
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Regardless of conviction date, no applicant with a felony conviction for any of the following will be accepted
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Acts of violence
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Sex crimes
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Illegal manufacturing or distribution of drugs
Income Verification
Your NET monthly income must be a minimum of 2.5 times the monthly rent. You will be required to provide proof of income whether you are employed by a 3rd party, or self-employed.
If you are self-employed, you will need to provide the following proof of income:
- bank statements
- tax returns
If you are not self-employed you will need to provide the following proof of income
- copies of your last 3 pay stubs
- tax returns (if applicable)
Rental History
You will need to provide a rental reference which confirms a minimum of 1 year or more of valid, verifiable rental history from a third-party landlord. If you have rental history shorter than 12 months a double deposit may be required. If your rental
history includes: late payments, eviction(s), excessive lease violations, excessive property damage, unauthorized tenants/pets, pest infestations due to tenant negligence, improper notice to vacate, three or more late notices within a 12-month period,
noise or nuisance violations, two or more NSF charges, or outstanding balance owed, you will not be approved for a lease at Real-Time Leasing.
“WayFinderPM is a great company - very happy to have rented from them. I had an emergency sublease situation
and they were very understanding, and helped me take care of everything efficiently and professionally.
I have never had a management company go out of their way for me, and politely! Best and most
humane Management Company I have dealt with in NYC BY FAR! They are incredibly responsive and
work with you.”
“My roommate and I just secured a property with Jeremy Kilts from WayfinderPM. I had a very busy schedule
ahead of me and Jeremy made sure we were able to get all the application process completed before
my deadline so I really appreciated it. We saw the property on the Monday and had signed the
lease on Wednesday. Very efficient and helpful.”
“I had a great experience with Jeremy. I had a unique situation due to having had relocated away from
NYC due to a family illness and was just returning and changing employers. Jeremy was understanding
and went out of his way to ensure I got approved within 24 hours of my application. Lease signing
was very easy and all of my paper docs / payment confirmations were immediately scanned for my
access in the online resident portal.”
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