My Realty Property Management Screening Criteria 2022 and Application
7390 W. Sahara Avenue, Suite 230, Las Vegas, NV 89117
#702-763-1111 Phone [email protected]
Each person 18 years of age needs to submit their own application. Applicants are reviewed on the same criteria, one person or group at a time, based on who has both paid and turned in their applications. All screening items that accompany an application must be turned in within 48 hours from when the application fees are paid, or else the applications are removed from processing. We require all income verification, valid ID, and rental history. Application fees are $65.00 per applicant, paid online or at the office, and are non- refundable. Co-signer’s must apply and are subject to the same criteria, see below. Upon approval, leases must commence within 14 calendar days. Each new lease is charged a $100.00 admin fee that is non-refundable.
Resident Selection Criteria:
- Income: Applicants must have a combined gross income of at least 3.0 times the monthly rent, and enough cash flow to cover fixed expenses reflecting on the credit report (car payment, loans, credit cards, trade lines, etc.). Incomes must be verified in writing, applicant must provide recent pay stubs reflecting six months of employment. Verification of the past two landlords is required. We reserve the right to require a co‐signer and/or a higher security deposit/and or participation in the Resident Security Protection Plan. Cosigners are accepted at the Brokers discretion only, only used to assist with income and must meet all requirements, have full time employment or retired, and must reside in the State of Nevada. There is no exception to this policy.
- Self-employed applicants are required to produce upon request two (2) years of signed tax returns and IRS 1099 forms to verify income for their current self-employment. Non employed or student applicants must provide proof of income or proof of savings or reserves.
- Credit history and/or Civil Court Records must not contain early termination of previous rental contracts, judgments, eviction filings, collections, or liens. Bankruptcy filings must have been discharged. The credit report must show a credit score. We will not provide you with the credit report or tell you of its contents; however, we will provide you with the name of the credit reporting agency upon written request so you may receive a copy from the credit bureau. All information collected for the approval or denial of this application is considered confidential in nature and for company use only.
- Valid current photo ID documentation (Driver’s license, military ID, passport, or State ID) is required.
- Rental history reports from all previous landlords must reflect timely payment, sufficient notice of intent to vacate, no complaints regarding noise, disturbances or illegal activities, no NSF checks, and no damage to rental property or failure to leave the property clean. Previous eviction filings will result in an automatic denial. Landlord verifications must present more than 24 months of most recent rental history as long as they have rented. If they have owned, they can list that in the application.
- Security deposits are security for faithful performance by residents of all terms, covenants, and conditions of the lease agreement and residents may not dictate that the security deposit be used for any rent due. Unless claimed due to a breach of lease or damages, the security deposit is refundable when the resident(s) moves out of the property at the expiration of the lease term.
- Background checks, including a criminal history check, will be conducted. Applicants will be asked to disclose any prior convictions or pending criminal actions. Failure to disclose is grounds for denial. Pending criminal actions will not, in themselves, be grounds for denial but may be factors used along with other criteria. Convictions of any sort will be evaluated on an individualized basis. Management will consider the nature of the crime and the severity of the crime, along with how much time has passed since the criminal activity and the release from any imprisonment, parole, or probation.