Lighthouse Property Management LLC          360-752-9006             cecelia@lighthouserentals.net

****Note we do not accept portable screening reports****


Applications
Importance
Ability to Pay Rent:

Minimum monthly gross income-to-rent ratio = 2.5
Assets may not contribute to the qualifying income
Extremely
Monthly minimum net income (after rent and debt obligations) should exceed a fixed amount: $1,000.00
Extremely
Credit History:

Maximum percentage of past due negative accounts: number of derogatory accounts: 25.0%
Moderately
Maximum balance of unpaid collections (includes past due accounts): $200.00
Moderately
Bankruptcy permitted: If cleared
Very
Residency History:

No landlord tenant court records or unpaid landlord collections: Any number ever
Pass/Fail
Rental history less then 2 years
requires co-signer
Criminal History:

Sex Offender History. May not be a registered sex offender
Pass/Fail

We will be reviewing the following: History of criminal behavior that may negatively affect tenancy - drugs, sex offense, robbery, assault, active warrants, ect……  Determinations as to criminals screening will be made on a case by case basis, after analysis, and will be based on several factors and information.  There will be NO automatic denials on arrest or criminal convictions.

Extremely

The credit decision settings above are configured by the property manager. Based on these settings and other credit data, On-Site Manager, Inc. will calculate a score between 0 and 10 for the application. This score describes the degree to which the applicant meets the criteria. The meaning of the scores is described below:

Score Recommendation Explanation
0.0 - 4.9 Decline Fails to meet the credit decision settings above.
5.0 - 6.9 Accept With Conditions Fails to meet the credit decision settings above.
7.0 - 10.0 Accept Meets or exceeds credit decision settings above.

Please Note: Guarantors must qualify unconditionally (a score of 7.0 or higher).

Additional Items that will need to be submitted via email after filling out the online application:

  • Copy of driver's license, or valid government issued ID
  • Copy of 2 most recent pay-stubs
  • Renter’s insurance is required, and policy is required to be paid in full for the entire term of the lease prior to move in
  • Holding fee is required at the time of application, and the amount due is equal to 1 month's rent