Houses for Rent in Southern Maryland from Real Property Management Gold
Required Information – Government issued ID, 2 most recent pay stubs (or 2 years tax returns if self-employed), pet photo taken with applicant (if applicable). Landlord contact info for last 3 years. All adults aged 18+ must apply & pay a $40 app fee.
Income and Credit Requirements -Minimum Gross Income Requirement (before taxes) is 3 times the rental rate of the property you would like to rent. Credit above 620 is preferred, however as long as there are no evictions on record and proof of rent or mortgage payment history is supplied showing on time rent payments for the previous year the application will be considered. Student loans and medical bills will not be factored against the applicant. Additional deposit may be considered depending on breed of pets. Refer to listing for pet information. Typical Pet Deposit is 250 dollars per pet.If additional documents or information is needed we will contact you with those additional instructions.
Security Deposits -Applicants with better credit and references will generally be approved at a security deposit of 1 months rent. Applicants with combined credit scores below 620 and references may still be approved at up to a double deposit.
Common Reasons to be Declined – evictions, unpaid balances due to landlords, credit score beneath 500, insufficient income, unsatisfactory references, felonies and recent bankruptcies. Unqualified occupants, pets and/or vehicles can also be a reason for decline.
Section 8 Vouchers –Housing Vouchers (section 8) are accepted for select properties. Please see in property description. Credit and Income not considered as heavily when housing voucher is used, references, criminal, and rental history will be verified.