Dear Prospective Tenant,

Many ask, “How do you go about selecting a Tenant – What is the process?”  This letter is to try and explain the process, and to give you information that will speed up the application processing time. 

The normal time needed to make a decision is a day or two.  This will depend on our office workload, the response time from your current landlord, previous landlord, and your employer(s). All adults that will live in the property must fill out separate applications.  We need original or color copy photo ID of every applicant’s driver’s license and Social Security card.

  Depending on an applicant’s debt, we are looking for approximately three times the monthly rent in monthly income.  Original pay stubs reflecting the applicant’s year-to-date income will speed up the approval process.  Self-employed persons must provide us with written verification of income; such as tax returns for the prior 2 years (top 2 pages only please), and/or bank deposit statements for the past 3 months.  

Be sure to honestly (we automatically decline any applicant that is not truthful) and completely fill out the attached Application, and don’t forget to pay the application fee of $30.00 per applicant. 

We highly value landlord verifications.  It is helpful when applicants motivate their current and previous landlords to return our calls (so that we can verify their rental history).  We also screen applicants for evictions or criminal convictions.  We never rent to an applicant that has been evicted.  We make our best judgment calls regarding criminal convictions.   

Tiner Properties, Inc./Asset Investment Managers, Inc. will run your credit report.  Although we are looking for applicants with credit scores of at least 600, we understand that credit problems are sometimes explainable.  We look at the whole picture the applicant presents (reasons for credit problems, landlord histories, income, cash reserves…).  If we decline an applicant for any reason that has to do with credit, we will send a letter that describes how to receive a free copy of your credit report, and where to go to correct any misinformation. 

 There are times that we receive several, very good applications for the same property in a very short period of time.  Unfortunately, we can only choose one.  We choose the applicant that we feel will be the best tenant for the owner - not the first applicant that applied.  However, if we receive any application that we can approve, we do not wait for others to come in.  The property owner makes the final approval decision. 

We fully support both the spirit of Fair Housing Law, and the actual law itself.  The above guidelines are just that – guidelines.  Exceptions are made for almost any policy if the exception makes sense to Tiner Properties, Inc./Asset Investment Managers and the property owner.

Tiner Properties, Inc./Asset Investment Managers enjoy an eviction rate of under 1%!  The most important way we safeguard against future tenant problems and/or evictions is careful tenant screening.  Our screening may take a little longer – but when we approve a tenant, we look forward to a lasting, positive relationship. 

Thank you in advance for you interest, patience, and cooperation.

Sincerely,

Tiner Properties, Inc., a California Corporation (also dba Asset Investment Managers).

PS. Once you are approved: We will give you a call and ask you to come in and put up the move in monies (cashers check or certified check only) and sign the Rental Agreement or a Deposit Receipt.  Until an approved applicant does this, we continue to market, show, and attempt to rent the property to any acceptable applicant.  It is in your best interest to come in and sign up ASAP.   

Click here to download the RENTAL APPLICATION

2833 Marconi Avenue ∙ Sacramento, CA 95821 ∙ Bus. (916) 974-6000 ∙ Fax (916) 488-3700 ∙ WWW.TINER.COM

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