Green Valley Real Estate, LLC

Green Valley Real Estate, LLC

Requirements

Application Process:

  • Every adult (18+) must complete an application and pay the application fee.
  • All applicants must qualify or a cosigner is needed.

 

Income Criteria:

  • Combined income must be 3 times the rent amount. 
  • Six months of consecutive employment.

The following are acceptable forms of income:

  • W2 employment or self-employment.
  • Section 8 assistance covering full rent.
  • Alimony or court-ordered child support.  
  • Social Security or Disability benefits.  
  • Trust or pension funds.
  • New employment: Acceptance of an offer on company letterhead, including start date and salary.
  • If employment is less than 6 months, credit score must be 650+

 

Credit Evaluation:

  • Minimum credit score of 600.
  • No past-due utility bills in the last 12 months.
  • Ability to transfer utilities into at least one applicant's name.
  • No money judgments to previous landlords.
  • Bankruptcies must be discharged and 3 years of good payment history.
  • No more than two accounts in collections.
  • Private landlord reference requires lease and ledger.
  • Positive rental history needed if no credit score; deposit increases to 1.5x rent.

 

Background Check:

Disqualification for:

  • Eviction in the last 10 years.
  • Felony charges or convictions in the last 10 years.
  • Registered sex offender.
  • No more than two misdemeanors in the last 7 years.

 

Required Documents:

  • Valid Identification (2 forms of ID)
  • Valid Social Security Number or ITIN.
  • Last 4 pay stubs.
  • Latest tax returns (all pages).
  • Copy of two most recent bank statements showing payroll deposits.
  • For self-employed, provide 4 months of bank statements.

 

Deposit and Holding:

  • Security deposit due within 24 hours of approval, paid with certified funds.
  • For approved applicants, we will hold a unit for up to 7 days.

 

Cosigner Requirements:

  • Credit score of 700 or higher.
  • Income at least 4 times the monthly rent.

 

Pet Policy:

  • For pet-friendly units, a non-refundable pet fee (1/2 month's rent plus $50/month) is due at signing.
  • Dog must be under 40 pounds.
  • Aggressive breeds such as, but not limited to, Staffordshire Terrier (Pit-Bull), German Shepherd, Rottweiler, Doberman Pinscher, or any other such breeds are not allowed. This is an home owners insurance contingency and is not up to the property owner. 

 

Other Requirements:

  • All units are non-smoking, inside and outside.
  • Renters insurance is mandatory. Your current auto insurance is able to provide this policy.

 

Section 8 Vouchers and Other Assistance:

  • All applicants must have a monthly income that is at least equal to the monthly rent amount.
  • Applicants using Section 8 vouchers or other assistance must include their complete packet with their application and indicate on the application that they are using Section 8.
  • Applications will not be considered complete without the necessary paperwork.

Holding Fees

  • Approved applicants, including those using subsidy vouchers, may place a holding fee equal to one month's rent to reserve a unit only after the required inspections have been completed and approved.
  • Once the inspection is accepted and the holding fee is paid, the application process will proceed as usual.
  • Applicants will receive a "Pending Application and/or Approved Application" email with instructions to submit the holding fee within 48 hours.
  • The holding fee reserves the property for up to 30 days.
  • If the applicant does not move in within 30 days, the holding fee will be forfeited, the application canceled, and the property re-listed for rent.

Continued Marketing

  • Properties without a paid holding fee will continue to be marketed to other qualified applicants.
  • The property may be leased to subsequent approved applicants who complete the application and holding fee process sooner.

 

Rental Application

Interested in one of our properties?

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