Application, Process & Qualification Standards

Thank you for your interest in renting from us! Below is a detailed explanation of our application process as well as our standards for qualification.

Application

Each person over the age of 18 who will be living in the home must complete and submit a separate application and processing fee.

In order to qualify, each person must meet or exceed the minimum standards for qualification. Incomplete applications will not be processed.

Applications containing false information will immediately be disqualified.

Please expect 1-3 days for the application process. Processing the Application will include direct contact with employers, current landlord, previous landlords, friends, personal and professional references, law enforcement agencies, government agencies, consumer reporting agencies, public records, eviction records, and any other sources that may be deemed necessary

Deposit to Hold

After approval, if tenant will not be taking occupancy within 24 hours, a non-refundable Deposit to Hold in the amount equal to one month’s rent will be required within 24 hours to hold the property until a mutually agreed upon move-in date.

The maximum amount of time a rental will be held is 14 days. After all move-in requirements have been met and a lease for the property completed, the Deposit to Hold will transfer to the security deposit to be held throughout the tenant’s entire tenancy. I

If the Prospective Tenant fails to provide the Deposit to Hold within 24 hours of approval, the home will be offered to the next qualified applicant. Should the Applicant elect to pay the Deposit to Hold with their application (prior to processing), the Deposit to Hold will be refunded in full within 14 days if they fail to qualify.

Move-in Requirements

After approval and before occupancy will be granted, Prospective Tenant must supply all the required move-in funds, including the security deposit, first month’s rent, and any other additional deposits, all tenant paid utilities must be transferred into Prospective Tenant’s name, and a lease must be executed and signed by all parties.

Qualification Standards

Applicants who do not meet minimum screening standards will not be approved.

Applicant must have current photo identification and a valid social security number.
Applicant’s monthly household income must exceed three times the rent. All income must be from a verifiable source. Unverifiable income will not be considered.
Applicants must receive positive references from all previous landlords for the previous 5 years.
Applicant may not have any evictions or unpaid judgments from previous landlords.
Applicant must exhibit a responsible financial life. Credit score must be a minimum of 600.
A background check will be conducted on all applicants over 18. Applicant’s background must exhibit a pattern of responsibility.
Occupancy is limited to 2 people per bedroom.

At landlord’s discretion, compensating factors such a full month’s rent security deposit or cosigner (guarantor) may be required for qualification if Applicant fails to meet any one of the above requirements. In the event of multiple applicants, tenancy will be granted to the most qualified, based on the above criteria.

Rental Application

Frequently Asked Questions

What types of properties do you manage?

We manage a wide range of properties, including single-family homes, multi-family units, apartments, condos, and commercial properties. Our team is equipped to handle the unique needs of each property type, ensuring effective management and maximum returns for property owners.

How do you determine the rental price for my property?

We conduct a thorough market analysis to determine the optimal rental price for your property. This includes evaluating current market trends, comparable property rents in the area, and the specific features and condition of your property. Our goal is to set a competitive price that attracts quality tenants while maximizing your rental income.

How do you handle tenant disputes or evictions?

We prioritize proactive communication and mediation to resolve tenant disputes before they escalate. However, if eviction becomes necessary, we handle the entire process in accordance with local laws and regulations. We work swiftly to minimize disruption and ensure your property is protected throughout the process.

What kind of financial reporting do you provide?

We provide detailed monthly and annual financial reports that include income statements, expense reports, rent roll summaries, and maintenance costs. These reports give you a clear understanding of your property's financial performance, helping you make informed decisions about your investment. Additionally, all reports are accessible through our online portal for your convenience.

Testimonial

Choosing lbcsproperties.com to manage my rental properties was the best decision I've made. They handle everything seamlessly, from finding quality tenants to managing maintenance requests. Their team is always professional, communicative, and attentive to both my needs and those of my tenants. Thanks to their expertise, I've seen increased occupancy and better property care, all without the stress of managing it myself.

Linda M

As a real estate investor with multiple properties, I needed a reliable property management partner, and lbcsproperties.com has been outstanding. Their proactive approach to maintenance and tenant relations has kept my properties in excellent condition and my tenants happy. They provide detailed financial reports that make it easy to track my investments, and their transparent fee structure is a breath of fresh air. I highly recommend them to any property owner looking for top-notch management services.

David S

We Do It All At LBCS Property Management. We work with Property Owners to keep their building clean and full of Tenants while making sure the residents are happy and safe in their new place.