Tenant Application Criteria

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:

• Automatic Denial of Tenancy For Convicted Crimes Within the Past Seven Years Include:
  • 1st, 2nd, and 3rd degree murder
  • Harassment or stalking
  • Kidnapping
  • Simple or aggravated robbery
  • Terrorist threats
  • Felony controlled substance
  • Felony burglary/theft
  • Arson
  • 1st, 2nd, 3rd and 4th degree sexual assault or misconduct
  • 2nd degree manslaughter
  • 1st and 2nd degree assault
  • In possession of a controlled substance or intent to distribute a controlled substance
  • At attempt to commit one of the above stated crimes
• Misdemeanors
  • Any Misdemeanor may be subject to Denial
  • Type of charge and date of conviction may affect the decision
  • Proof of resolution may also be required
• Felonies
  • Any Felony conviction less than 7 years from release will be denied
  • Per Federal regulation, drug and alcohol use felonies may be acceptable with proper documentation
  • Regardless of conviction date, no applicant with a felony conviction for any of the following will be accepted
  • Acts of violence
  • Sex crimes
  • 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.”

"I highly recommend WayFinerPM as a managing agent for any size Co-op or building. Wayfinder has exceeded my expectations managing our buildings maintenance, regulatory compliance monitoring, procuring and maintaining insurance policies and registrations, collecting maintenance and paying bills, handling owner complaints and maintaining books and records. As president of my Co-op I worked with several managing agents over the past the past 25 years and WayFinderPM is definitely the best."

"We don't live in NY anymore and Wayfinder has been a real help for our real estate. Adam and his team are extremely responsive and knowledgeable about New York real estate. Thank you!!"

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