At #1Source Property Management, we aim to provide tenants with a seamless rental experience while ensuring compliance with our rigorous screening standards. Here’s what prospective tenants need to know:
Screening Process
All applicants must complete a rental application and consent to a background check.
Credit history, rental history, and criminal background checks will be conducted.
A minimum credit score requirement applies; details vary by property.
Previous evictions and rental payment history will be reviewed.
Employment and Income Verification
Applicants must provide proof of employment with recent pay stubs (typically last two months) or an official employment offer letter.
Self-employed applicants must submit tax returns for the past two years, along with bank statements showing consistent income deposits.
Independent contractors may provide 1099 forms and corresponding bank statements.
Accepted and Unaccepted Documents
Accepted Documents:
Government-issued ID (driver’s license, passport, or state ID).
Recent pay stubs, tax returns, and official bank statements.
Employment offer letters and verification from HR.
Official 1099 forms for independent contractors.
Not Accepted Documents:
Handwritten pay stubs.
Non-official letters without verification details.
Screenshots of bank statements without full transaction details.
Expired or incomplete identification documents.
Final Thoughts
As 2025 unfolds, the rental market will continue to shift, influenced by economic conditions, renter preferences, and policy changes. Whether you’re a landlord, property manager, or renter, staying informed about these trends will help you make smarter decisions. If you’re looking for expert property management services to navigate these changes, #1Source Property Management is here to help!
For more insights , contact us today!