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.”

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