JPM requires the following for an application to be approved:
- No applicant may be a registered sex offender or have convicted/charged felonies on record. (More in-depth background checks for misdemeanors are potential per property.)
- All parties on the rental agreement must have a combined gross monthly income of three times the monthly rental payment for the property.
- The primary wage earner must have good established credit. Qualified credit will have 60% of listed accounts in current standing with a minimum of 4 current open accounts. There cannot be unpaid liens or judgments on record. There cannot be unpaid accounts to prior property management companies.
- There cannot be a prior eviction on record.
- A good rental reference from the previous landlord. A good rental reference consists of limited late payments, limited negative file notes, proper 30-day written notice given, and property left in good condition.
- Johnson Property Management follows HUD guidelines, for more information please visit hud.gov.
- Published HUD guidelines are senior to all JPM procedures.
JPM is required to perform both criminal background checks and credit report searches. Rental requirements are subject to change based on specific property owners requirements.
If the above requirement is not met, JPM will require the following:
- A qualified co-signer residing in the State of Idaho. A qualified co-signer will have a minimum of 4 current credit accounts with a good payment history, clean background check and enough income to support the rent rate. Co-signers are asked to be present at the rental agreement signing.
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