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Qualifications:
Income: Household income must be at least 3 times the monthly rent (after taxes). Only verifiable income is considered, and temporary income is not accepted.
Employment: Applicants need a minimum of 6 months of verifiable employment. Temporary employment duration counts toward the requirement once hired permanently.
Rental History: Verifiable rental history is preferred. No rental history may require a higher deposit.
Credit Check: A landlord filing in the past two years leads to denial. While credit scores are not checked, bankruptcy filings, landlord filings, and current judgments are considered. Please call if you have any prior to applying.
Move-In Timeframe: Applicants must be ready to move within two weeks. A house is held for two weeks with a deposit and an approved application.
Falsification: Any falsification of application details results in automatic denial.
Pet Policy: Pets need approval, with a maximum of two. A pet deposit and rent are charged. Email photo, breed, and age for pre-approval. Petscreening.com is used, and up-to-date rabies shots are required. Pets are not allowed in duplexes.
Items to attach to your application:
1.All check stubs for the full month prior to the current one as well as any for this month. *see below for details
2. Most recent bank statement showing all deposits. (could require additional ones if needed depending on your situation)
3. Fill out the application completely including vehicle, dependents and pets.
4. All people that will be occupying the house over 18 must apply and all applicants must at some point have an in-person id verification.
5. You must pay the application fee (if multiple people are applying you may skip the fee after you pay the first one)
6. All applicants have to fill out a petscreening see below for more information.
After You Apply:
Upon applying, you will receive an email containing a checklist of required items. It is crucial that you respond promptly if any documents are missing to facilitate the swift processing of your application.
Please note that we do not remove a listing for applications in progress. Our process operates on a first-come, first-served basis. The ability to hold a home is contingent upon application approval, and we appreciate your understanding in adhering to this policy.
Good to know information:
1099/Self-Employed Income Verification: If your income is derived from a company you own, we require thorough financial proof, encompassing multiple months of bank statements and tax returns displaying claimed income. Unclaimed income cannot be validated and will not factor into our approval process. This policy also extends to individuals classified as 1099 employees; unverified income is not accepted as evidence for meeting financial obligations.
Overtime Income Verification: To consider overtime income in our assessment, we require proof of its consistency. This necessitates providing additional check stubs as requested. We will calculate an average of your take-home pay from overtime to determine your approval amount.
Application Approval: If the home you applied for is rented, your application remains valid for 60 days, provided your situation remains unchanged. And you may move your application to any home you financially qualify for and that is within the occupancy level for the size of your family.
Multiple Applicant Disclaimer: Our lease is a binding agreement with both HPI and your co-applicant. If, during the tenancy, you and your co-applicant decide not to live together, both parties are financially obligated until the home is fully vacated, the remaining party qualifies alone, or the remaining tenant qualifies with a new co-applicant.
Check Stubs: All for the current month and the full complete month prior. These need to be clear copies that show all information regarding hours, date, deductions etc. When you email or attach, they need to be sent clear if we are unable to read them you may have to bring a printed copy to our office.
Child Support/ Social Security/ Disability: If you receive child support, please provide documentation and proof of receiving it. This proof would need to be court ordered and shown electronically that you are receiving. If you receive social security or disability, we need your award letter and proof of currently receiving it.
Vehicles: If your family has more than two vehicles, please contact the office prior to ask if the property you are interested in will support the vehicles you have.
Not Allowed on Our Properties: Trampolines and Above Ground Pools
Renters Insurance is Required: We recommend that you obtain a quote. You must obtain renter’s insurance covering the full value of all personal property of Tenant in the Premises, and providing liability coverage to Tenant in an amount not less than $100,000,
Home-Based Business Policy: Operating a home-based business is permitted; however, please note that activities involving clients visiting the home are not allowed. (i.e. Babysitting children other than those listed on the lease, in home salon services etc) *Requires approval.
Pets/ Pet screening/ Unauthorized Pet Information: HPI utilizes Petscreening.com to approve all pets. You must also submit a no pet petscreening when applying if you do not have any pets. This process is easy, and it is free if you do not have a pet. If you have a pet, then you will have to fill out a pet profile which will include a photo and provide documentation of being up to date on shots. There is a $25 fee to fill out the profile and we recommend that you email us a photo and info about your pets prior to paying so we can "preapprove". We do not allow pets in duplex apartments. And we have a 2-pet maximum.
Pet Policy Enforcement: Please note that if you move into a property with either no pets allowed or only approved pets listed on your lease, any animals not explicitly mentioned will be considered unauthorized. This includes, but is not limited to, animals "visiting" or temporarily present at the residence. In such instances, upon discovery, an immediate non-refundable charge of $500, in addition to a pet deposit, will be applied. Removal of the unauthorized pet may also be required.
Pet Deposit and Rent Policy: Pet deposits start at $300 and may vary, reaching up to $500. This deposit is refundable upon move-out, contingent upon a satisfactory inspection and no pet-related damages to the property. Acceptance of a pet also entails a monthly pet rent. Additionally, pet rent for one cat is $25, and pet rent for one dog starts at $50.
Pro-Rated Rent: New Move In's rarely fall on the 1st of the month. However, we charge the whole first month when you move in, so your second month is pro-rated and due 30 days after you move in. This means your second-month rent will be reduced based on the number of days left in that month. After this adjustment, your rent will be due on the 1st of each month.
First, Last and Security: Most of our approvals are done as First, Last and Security here is a brief explanation of how that works:
Total Move-In Financial Responsibility:
First Month's Rent: $1000 (this would be what you hold the property with)
Security Deposit: $1000
Last Month Rent: $1000
Total Paid to move in: $3000
Then During Tenancy: Monthly Rent: $1000 (payable on the 1st of each month)
Move-Out (lease is up and proper notice given): Last Month's Rent is used $1000 (Prepaid up at move in)
Security Deposit Held until fully vacated: $1000 (returned after deducting any applicable charges for damages)
How to Hold a Home: Once you apply and receive an approval notice you may place money down to secure the home solely for you. You will do this by paying the first month's rent for the home you are renting. This amount which will include any monthly fee's you will pay every month (ie Pet Rent or Trash). Once you hold the home that money is nonrefundable and the total move in responsibility will have to be paid on or before your move in day. This will be done via money order; cash or cashier's check all move in funds must be paid via secured funds. We recommend that you prepare and have funds to pay asap once you receive approval notice as we cannot hold any home without funds.
