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RENTAL PROPERTY
NEWSLETTER - BLOG

By: Donald J. Leske II
Property Manager / Editor
BCI Properties, LLC

Call Ben Leske - Loan Officer
(253) 202-3355
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BASIC RENTAL
REQUIREMENTS - Application
Link at bottom of this page
- Applicant must have seen the property
prior to submitting an application, except Military and some
other exceptions made on a case by case basis.
- Two forms of I.D., one with a
picture is required. If you apply totally online, please email copies.
- Current or past renters need Six months
of Verifiable residence history from a landlord.
- 1st time renters will require an
additional security deposit equal to half months rent, which
shall be refunded after 12 months of successful rent payments without
being late.
- Two (2) or more 3 day notices within a
12 month period may result in denial
- Two (2) or more NSF checks within a 12
month period may result in denial
- Rental history reflecting any unpaid
past due rent or Eviction, may result in denial
- Rental history showing unpaid damage will
require additional security deposit and/or result in denial.
- Rental history with disturbance
complaints may be denied.
- You must acknowledge reading these
booklets:
A. The Law of Real Estate Agency, regarding
your rights.
B. For homes older than 1978 - Lead Based
Paint Concerns.
C. Mold in Your Home
*Note: you may need Adobe Acrobat Reader to view these documents.
If you do not have
this program you can download it free or contact us and we will email or
mail you these
brochures free of charge.
PDF documents require Adobe Reader. If you do not have Adobe Reader you
may download it here.
INCOME
REQUIREMENTS
- Monthly household income to be equal to
three (3) times the monthly rent. Exceptions may
be granted with a good explanation.
- If monthly household income does not
meet three (3) times stated monthly rent,
additional funds may be required as a security deposit to ensure rent
payments.
- A current paycheck stub will be required
if we are unable to verify income over the phone.
- Some form of verifiable income will be
required for unemployed applicants.
- Self employed applicants will be
required to provide proof of income by tax returns.
- Alternative income will be considered,
such as child support, Section 8, alimony, SSI payments etc.
EMPLOYMENT
REQUIREMENTS
- Verifiable employment is required either
by check stub or written letter from employer.
- If unemployed and unable to verify
some kind of income to pay rent, application will be denied.
- Added security may be needed for temporary
or seasonal employees.
- Exceptions may be granted depending on a
plausible reason, such as disability, Section 8 etc.
CREDIT
REQUIREMENTS
- Good credit is NOT actually required, if
poor credit can be explained. Many people have poor credit these days.
We are wary of credit bandits who simply do not pay their bills and show
a history of non payments.
- Excessive collections will result in
a denial.
- Outstanding unpaid debt to current or
past property managers
or landlords will result in denial.
- Any applicant with past evictions may be
denied, but we will consider each carefully.
- Non payment of past Utility bills will
not be a good thing and can result in a denial.
AUTOMATIC
& OTHER DENIALS
- Any criminal offense may result
in denial, at discretion of property owner, depending on how old it is
and the offence.
- Any collection filed by a property
management company/landlord will result in denial.
- Any unlawful detainer action or eviction
which has been within three (3) years results in denial.
- Any current 3 day notice will result in
denial.
- APPLICATION LINK - |
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