Renting just got easier with FRPM. Your search is over! We are confident that we have just the rental you've been looking for. FRPM, is the exclusive agent and representative of the property owner and does not, in any respect, have any fiduciary or agency responsibilities to the applicant. All federal, state, and local laws are followed and each application is processed without regard to the race, color, religion, sex, handicap, familial status or national origin of applicant. Our staff of professionals are regularly trained and educated on the latest local, state and federal statutes pertaining to rental regulations.
GENERAL:
Applications must meet the requirements of First Rate Property Managements Guideline. Each applicant 18 years of age and older must complete a separate application and pay the application fee of $30 per individual, which is non-refundable.PROCESSING:
Each application must be complete, signed, and fee paid before processed. Additional applications will continue to be accepted until the approved applicant has signed the lease and paid the security deposit. A copy of any state or federal issued ID is required and will become part of the completed application.CONTINGENCY LEASE:
If at the time of the showing, the applicant wishes to rent the premises, applicant can pay the application fee and the security deposit, and sign the rental agreement as a contingency lease (the unit is yours unless you are denied via the application process).
RENTAL HISTORY:
Applicant must have good rental references unless applicant has just sold their home. Relatives are not acceptable as rental references. Application may be denied for evictions, damages beyond normal wear and tear, illegal activity on premises, refusal to re-rent by previous landlord or a balance still owed to previous landlord.INCOME:
Application may be denied unless rent is no more than 40% of verifiable household income.CREDIT:
All information showing on the credit report is subject to verification, including previous address and place of employment. Some items that are looked at are: late payments, tax liens, charge-offs, repossessions, judgments and discharged bankruptcies. Any applicant who has an open bankruptcy will automatically be denied, however with the exception of applicants that have poor credit caused by a foreclosure of their home. Must have proper documentation showing that the payment had significantly increased and was the cause of the poor credit. FICO scores under 600 will either require a co-signer or large deposit. A qualified co-signer must have a FICO score of no less than 700.CRIMINAL BACKGROUND:
Automatic Denial to any Felony conviction less than 5 years from release. Felony convictions can be cause for denial, however, per Federal regulations; drug and alcohol use felonies can be waived with proper documentation. Regardless of conviction date, no applicant with a felony conviction for an act of violence, sex crime, or illegal manufacturing or distribution of drugs will be accepted.PET POLICY:
Due to insurance costs and limitations, FRPM does not allow the following types of pets in any of our properties: 1. Pit Bulls, 2. Rottweiler’s, 3. Chow Chows, 4. Doberman Pinchers, 5. German Shepherds, 6. American Staffordshire Terriers, 7. Wild dogs such as coyotes, wolves, and dingoes, 8. Mastiffs, 9. Akita, 10. Bullmastiffs, 11. Huskies, 12. Presa Canario, 13. Malamutes, 14. Boxers, 15. Any pet that has any of the above breeds in their lineage.If the property owner agrees to allow a pet, applicant will pay an additional pet fee (usually $100) and a pet-charge of $25 per pet will be assessed each month, due with that month's rental payment. Cats that are pets must be spayed or neutered and declawed. No pets may be a puppy or kitten. Companion and support animals are exempt from these fees.