256 Burwell St #301

Lease terms

Reid Property Management Does NOT accept comprehensive reusable credit reports. Sorry No pets please. Will need an appointment to view. REID PROPERTY MANAGEMENT Criteria for Renting a Home There are Five basic categories that we use to identify qualified tenants or co-signers for a property. We do not use a first come, first served basis. Each applicant is evaluated on the following criteria. Income Verification The applicant's gross monthly income (pre-tax) should be greater than or equal to 3-times the monthly rental rate, while a co-signer's must be greater than or equal to 4-times the monthly rental rate. An applicant's ability to meet this requirement may be adjusted depending on the following conditions: Length of Employment Job Stability Continued future employment with the company Years in Industry Have the applicant recently switched careers? Credit History The applicant or co-signer must pass the credit check requirements. We are specifically trying to determine if there is a possibility of future problems. The items we examine include: Credit Rating Payment history Current status is preferred. Collections on utilities are a RED flag. Bankruptcy Length of time since filing and the current status of accounts acquired/maintained thereafter. Judgments/Unlawful Detainers (Eviction) Any unlawful detainer or judgment owed to a former landlord is an automatic disqualification. Current and Past Residency We seek to acquire rental references for an applicant's current residence, as well as their previous residences, going back a minimum of 3 years. We also examine a co-signers rental/home ownership history. The following are questions we ask Landlords regarding an applicant's current and past residency: Does/did the applicant pay on time? Number of late pays? Frequent late pays will disqualify an applicant. Any 3-day Pay or Vacate notices served? 3-day pay or vacate notices/evictions lead to an automatic disqualification. Was proper notice to vacate given? Any pets? Type and number. What was the behavior of pets? Was any damage done by the pets? Were there any complaints? If so, what for and what was the frequency? If applicable, was their full deposit refunded? If not, for what reasons were funds withheld? Would you re-rent to them? If not, why? The answer to this question may result disqualification. Background Check We perform a background check which includes: Felonies, convictions, and other criminal charges Public records Current and past state/court records Registered or unregistered sex offender status