Application Criteria

This Rental Application Fee Disclosure Statement

(“Disclosure Statement”) outlines certain information related to your rent application fee.

You are notified of and acknowledge and agree to the following:

  1. Prior to paying the rental application fee, you have received a copy of the Disclosure Statement and all referenced exhibits.
  2. Your application will be judged based on the criteria attached as (the “Criteria”).
  3. We have disclosed the rental application fee to you, including in any advertisement and postings related to the available rental unit and the actual rental application fee charged is consistent with those disclosures.
  4. In the event the rental unit that you applied for is not available, you agree that we may place you on our waiting list for no more than 30 days.
  5. The screening process for our rental units includes a review of the referenced Criteria, including as may be completed through a third party. The name and contact information for the screening agency used is: Resident Research- 4400 Morris Park Dr. STE M Charlotte NC 28227
  6. The rental application fee listed consist of the below charges. Applicant acknowledges that we may incur such costs which are reasonable and necessary to complete the screening and background check process.
  7. $15.00 – 1 Credit, 1 criminal, 1 eviction screening
  8. $15.00 – Each additional credit, criminal, eviction screening
  9. $30.00 – Landlord Verification (2 years), Employment and income verification (6 months)
  10. $25.00 – Office time to add the applicant to software and review application/background/credit, income and employment.
  11. $10.00 – Denial notification letters and mailings.
  12. You will be provided with any paperwork or copies of electronic correspondence generated as a result of the screening process, to the extent permitted by State and Federal Law. In the event that you are not approved for a rental unit, you will receive a notice explaining the reason(s) along with a list of resources that you may use to assist with future application processes. Any correspondence related to this Disclosure Statement will be mailed to the current address provided by the applicant via US Mail.

Within thirty (30) days of receipt of a denial, the applicant may, if he or she believes the City Ordinance has been violated, file a written complaint with the City Manager or the City Manager’s Designee, addressed to : City Manager, City of Grand Rapids, 300 Monroe Ave NW # 1, Grand Rapids, MI 49503, Attention: Rental Application Fee Ordinance Complaint.

You will be contacted by our leasing office on the status of your application. Applications are generally completed within 3-4 days.

 

Simple Property Management has set standards for qualifications. Below are our standards:

Applications are non-fundable. Contact Simple Property Management to make sure your unit is still available.

Resident Benefits Package- Resident shall pay manager $20/MO as a resident benefits package to pay for the costs of ACH online payments, online portals, 24/7 maintenance, etc.

Risk Mitigation Fee- Depending on the applicant(s) credit, an additional risk mitigation administrative fee may be added as a recurring monthly charge to the tenant(s) account. It has been shown through both statistical and historical analysis that an applicant's overall credit rating directly correlates to the risk and likelihood of default and unpaid rent. Applicant(s) with a lower overall credit rating pose a significantly higher risk and liability. The risk a landlord takes with an applicant with poor credit is similar to a bank charging a higher interest rate to a borrower with poor credit based on the higher risk for potential default. In an effort to mitigate that risk and allow applicants with a less than perfect credit rating to still gain approval for their chosen property. We have implemented a scoring model that allows applicants to pay a monthly fee to offset the increased risk and exposure that comes with approving applicants with less than a reasonable (not excellent) credit rating. The following scoring model based upon the applicant(s) credit score(s) and which will determine the applicant(s) monthly Risk Mitigation Administrative Fee:

Credit Score Based:

650+ = $0

620-649 = $20

600-619 = $30

550-599 = $40

525-549 = $50

** In the event that a Co-Signer is required to make up for either the Applicant(s) lack of qualifying credit or qualifying income, the Risk Mitigation Administrative monthly fee will automatically default to the highest monthly charge amount stated above. 

 

Rent Under $1,000

Income: 3x Rent.  Child support must be court-ordered to be counted. Resident must be on the job for a minimum of 6 months.

Credit: 550 Score-  No outstanding collections for utilities.  Bankruptcies/foreclosures must be discharged for two years.  No more than $2,500 past due debt (medical/student loans disregarded), no more than 5 accounts in collection.  No money owing for child support.

Resident History:  Two years of good resident history.  Family/friends will require a higher deposit.  Nothing owed to a previous landlord. No court filings in the past two years.  

Background: No felonies last 5 years, max of 1.  No violent crimes and no sex offenders.  No applicant will be accepted who has been convicted of two or more non-driving misdemeanors within the past 5 years.

Co-Signer- Co-Signers must have a credit score of 720 and an income of 5x rent.

 

Rent Over $1,000

Income: 3x Rent.  Child support must be court-ordered. Resident must be on the job for a minimum of 6 months.

Credit: 600 Score- No outstanding collections for utilities.  Bankruptcies/foreclosures must be discharged for two years.  No more than $2500 past due debt (medical/student loans disregarded), no more than 3 accounts in collection. No money owing for child support.

Resident History:  Two years of good resident history.  Family/friends will require a higher deposit.  Nothing owed to a previous landlord.  No court filings in the past two years.

Background:  No felonies last 5 years, max of 1.  No violent crimes and no sex offenders.  No applicant will be accepted who has been convicted of two or more non-driving misdemeanors within the past 5 years.

Co-Signer- Co-Signors must have a credit score of 720 and an income of 5x rent.

 

Section 8 Properties

Income- 2x rent including section 8 voucher amount. Resident must be on the job for a minimum of 6 months.

Credit- 525 Score- No outstanding collections for utilities.  Bankruptcies/foreclosures must be discharged for two years.  No more than $2500 past due debt (medical/student loans disregarded), no more than 5 accounts in collection. No money owing for child support.

Resident History:  Two years of good resident history.  Family/friends will require a higher deposit.  Nothing owed to a previous landlord.  No court filings in the past two years.

Background:  No felonies last 5 years, max of 1.  No violent crimes and no sex offenders.  No applicant will be accepted who has been convicted of two or more non-driving misdemeanors within the past 5 years.

 

Other Information

Income Verification- Please expect an income verification request via both an email and a text from The Closing Docs, a fully encrypted and secure service, which may eliminate the need for actual bank statements.

Pets- If we allow pets, there may be certain restrictions on breed.  No aggressive breeds will be accepted.  Applicants with Pets must provide documentation that the pet is free from fleas and ticks AND that the pet is spade/neutered. If you have a pet, there is an additional per pet application charge which is administered by a third-party pet screening tool.  ESA animals also use the third-party pet screening tool, but there is no charge for the tool.  You can fill out your pet application here: https://simplepm.petscreening.com/.

Pet Fees

If you have a pet, you will be required to pay a $300.00 Pet Administrative Fee for one pet plus $100 per additional pet upon move-in. This is a one-time fee. In addition to this fee, you will also have monthly pet admin fees per pet. The amount of the pet fee is determined based upon the "Paw Score" that PetScreening.com assigns to your pet.  No aggressive breeds will be accepted.  This score is determined using a proprietary formula that takes into account things like pet age, weight, vaccination records, etc. The following are the monthly pet fee amounts (per pet):

5 Paws - $35.00/mo

4 Paws - $40.00/mo

3 Paws - $50.00/mo

2 Paws - $60.00/mo

1 Paw - $85.00/mo

 

If you have a fish, you are still required to pay the above pet fee on the fish.  Fish aquariums/tanks must not be any larger than 25 gallons.  Birds are not allowed.

 

We are pledged to the letter and spirit of the U.S. Policy for the Achievement of Equal Housing Opportunity throughout the Nation. We encourage and support a program in which there are no barriers to obtaining housing because of Race, Color, Religion, Sex, Handicap, Familial Status, or National Origin.

All adults (18+ y/o) intending to live in the property must submit an application and pay the application fee of $40 (no exceptions). Applications will not be processed until the fee is paid. Application Fees are NON-REFUNDABLE.

Simple Property Management highly encourages all Applicants or their Agents to physically tour the home BEFORE making a deposit on the property.

Fees: The application fee is non-refundable.  Lease administration fee- $150 due at move in.  This is a non-refundable one time charge. 

The security deposit must be paid with money order, cashiers check, or some form of certified funds.  No cash will be accepted at our office. If the application is approved and the applicant pays the deposit, the property will not be marketed and will be made unavailable to other tenants.  The deposit will not be refunded if the tenant decides they do not want the property/unit.

You agree that the property is fit for habitation and you accept the property as-is.

 

The application criteria is subject to change without notice.

Please read carefully and thoroughly complete the application. If you have any questions, contact us immediately.

The applicant understands that multiple applications may be accepted.