Tenant Screening Criteria

REAL ASSET MANAGEMENT INC. is an equal opportunity housing provider. We fully comply with the Federal Fair Housing Act. We do not discriminate against any person because of race, color, religion, sex, sexual orientation or preference, handicap, familial status, or national origin. We also comply with all state and local fair-housing laws. Employees are not permitted to make any reference, verbal or written, to a resident or applicant’s race, color, religion, sex, sexual orientation or preference, handicap, familial status, or national origin.

Apartments become available when a resident submits a written notice that they intend to vacate, we issue a notice terminating tenancy or we file a court action because the resident failed to pay rent after receiving a 3-Day Notice. A vacant apartment will not be deemed available until it has been cleaned, repainted, and prepared for a new resident. We update our list of available apartments daily. The list is maintained at the main office.

To prevent overcrowding and undue stress on plumbing and other building systems, we restrict the number of people who may reside in an apartment. In determining these restrictions, we adhere to all applicable fair-housing laws. We allow two persons per bedroom + one. For example, a one-bedroom apartment could house three people, and a two-bedroom apartment could house as many as five people, etc.


Incomplete, inaccurate, or falsified information on the application is immediate grounds for denial and/or termination of the lease. (No waiver allowed for falsified information.) We will also withhold part of the holding deposit if we find false or misleading information on the application.

All applicants 18 or over must complete an application in full regardless of status in the family.

Government-issued photo ID (driver’s license, passport, ID card, etc.) required of all applicants over 18 years old.

Applicant is a good citizen. Good citizen(s) means:

Seeing eye dogs and other animals used as “service animals” to assist the disabled are permitted to reside in the house with the resident(s). Legal documentation to verify this need may be requested.

Special Needs: RAM, Inc. is willing to make reasonable adjustments to a house that may be required for those individuals with special needs. The cost for such adjustments are to be assumed by the resident.

If you have a pet, please contact us about our pet policy.

Home-based business: Please use the premises only as a private residence. Working from your home is allowed. However, we ask that you do not use it as your primary work place. For example, we do not allow home daycare businesses or hair salons. In addition, the property is not to be used in any way that is illegal or dangerous or which would cause a cancellation, restriction, or increase in property or management insurance premium.

Move-in monies must be paid by cash, money order, or cashier’s check, or online through the tenant portal. Personal checks and online portal payments must clear the bank prior to receiving keys.

Applicants with marginal qualifications may be asked to provide a Guarantor. A Guarantor is a signor on the lease and become financially responsible, but is not permitted to live on the premises.

Exceptions: At the written request of the applicant, an exception to the above criteria may be made subject to the final approval of Real Asset Management, Inc. and the Owner.


Required income verification from all sources. Two most recent original documents from all sources of income, can include: pay stubs, monthly income statements, bank statements with automatic deposits and award letters. If self-employed, copies of last two years Federal tax returns, including the profit and loss statement for both years.

The total verifiable monthly income combined for all adult household members’ age eighteen (18) or over must equal at least 2 ½ times the monthly rent for apartments and 2 times the monthly rent for single family homes.

If the household income does not equal at least 2 ½ times the monthly rent for apartments or 2 times the monthly rent for single family homes, a Guarantor may be used to guarantee the rent. The Guarantor must submit a rental application and be processed separately from the applicant household. The Guarantor must have verifiable income of at least 2 times the Guarantor’s monthly rent/mortgage plus the proposed rent. Guarantors must also own a home to be able to qualify.

An applicant will be denied for inadequate verifiable income to meet rental criteria.

The credit report should indicate good payment history with no collections from housing providers or utility companies.

The credit report should not have more than 10 non-medical accounts or $5,000 in non-medical collections.

Credit items not affecting qualification include: paid collections, satisfied judgments, medical accounts, and discharged bankruptcies.

There can be no active bankruptcies. All bankruptcies must be discharged.

No evictions or unlawful detainers within past five years.

We recognize that not everyone has ‘perfect’ rental credit. We strive to work with applicants on a case-by-case basis to assist good tenants in finding good homes. At the written request of the applicant, an exception to the above criteria may be made subject to the final approval of Real Asset Management, Inc. and the Owner.



Applicant must have 6 months verifiable rent or mortgage history from a non-relative. Where less than 6 months, a co-signer will be required. Exceptions are individuals who have a documented foreclosure, these require a 50% bump in security deposit and meet all other qualifying criteria.

Current and previous landlord information must be verifiable.

Applicant(s) must receive positive recommendation from landlord.   Qualifying applicants with no rental history may be placed on a month-to-month lease for a six month period.



A 50-state criminal records report will be run on every adult applicant.

No convicted sex offenders permitted (no waiver allowed).

A conviction, guilty plea or no-contest plea for any felony or any misdemeanor or gross misdemeanor involving assault, intimidation, sex-related, drug-related, property damage, weapons charges, criminal trespass, theft, dishonesty or prostitution will be grounds for denial.

Any criminal record activity that could be deemed harmful or threatening to the health and safety of an individual, the rental property, neighborhood or property of others will be grounds for denial.

Pending charges or outstanding warrants for any of the above will result in a suspension of the application until charges are resolved. Properties will not be held off market while awaiting resolution of pending charges.


We verify all information on the application carefully. If you provide false or misleading information on the rental application your application will be declined.

Application fees are non-refundable.

Tenants may not move in until all of the move-in monies have been paid for.

We do not rent to tenants who do drugs or keep a messy home. So if you keep a messy house or deal or do drugs then please save us both the time and do not apply.

We enforce all late fees.



Give the leasing agent $500 deposit to hold the unit and sign a non-refundable Holding Deposit Agreement.

An application fee of $60 per adult (over 18) is required.

Applications are completed and paid for online.

A signed Tenant Release & Consent form is usually required to verify employment and/or rent.

It can take 1-3 days to complete the screening process, depending on verification of references.

Keys will be issued after a lease and all addenda have been signed by all Leasor’s AND all agreed upon monies are paid.

Complete Property Move-In Condition Report, preferably with manager.

Transfer all tenant-paid utilities into your name effective your move-in date.

Do NOT install satellite dishes without prior permission. Failure to do so will result in removal of dish and possible repair of the building/property at the tenant expense.

Return Property Move-In Condition Report within 3 days after move-in date.