Stegner Property Managment Application Guidelines
FAIR HOUSING – Stegner Property Management strictly abides by the Federal Fair Housing Act, Colorado Fair housing law and principles of equal opportunity. We do not discriminate on the basis of race, color, religion, national origin, ancestry, sex, marital status, disability, familial status, sexual orientation, or gender identity/expression.
The very first step is to get in touch with us to set up a time to take a look. Often, we’ll need to give our current residents a 24 hours notice before we show the property. Our normal hours for showing properties are 9am-5pm Monday through Friday. We can also do showings on Saturdays and sometimes on Sunday by appointment. All properties are leased on a first come first served basis – take a look at the next step to learn how to snag the property you are interested in.
After you have seen a property and have decided that you would like to rent it, the next step is submitting an application. You can submit an application online through our website, or print an application from our website under forms. Applications are also available at our office. Please note that we will not accept an application from you until you, or a representative for you has looked at the property. Also we require you to view our standard lease before submitting an application. You can view this on our website under “Forms”, pick one up at our office, or we would be happy to email you a sample of the lease. Applications are always processed on a first come first serve basis.
We look at three main areas when processing an application:
· Housing references
· Employment & income
Current & former landlords will be contacted for information regarding
· Any history of damage to property
· Violations of lease terms
· Balances left on accounts
Mortgage info will appear on the credit report and will be used. The housing references are a huge part of your final score, so if you have not leased a property before, or have only leased one property for less than three years, we will likely require either a co-signer or a double deposit if approved.
EMPLOYMENT & INCOME
To lease without restriction, the combined income of all applicants must gross at least (3) three times the amount of the TOTAL rent. If this is not the case, we would require a co-signer or possibly a double deposit if approved. Current employers will be contacted to verify employment & income. Self-employed people will be required to provide tax returns to document income.
We use Appfolio to run our background & credit checks. We then use the below application form and scoring system when processing an application:
In order for someone to qualify as a co-signer, this person would need to be a family member as well as a property owner with a minimum of a 650 FICO Score/Experian. They are guaranteeing that the rent will be paid in a timely manner and all covenants of the lease will be followed. They would need to submit a Co-Signer Application and once approved sign the co-signer agreement form.
The normal security deposit is the same amount as one month’s rent. The double deposit is simply twice that amount. It is fully refundable depending on damages, minus carpet cleaning and lock change fee at “cost of service”.
We are unable to approve an applicant that has been evicted from a property within the last 5 years, or has left still owing a previous landlord money.
Stegner Property Management reserves the right to deny any applicant that does not meet the minimum qualification standards.