Rental Criteria
DFW Property Management.com is dedicated to ensuring Equal Housing Opportunity, and we wholeheartedly adhere to the guidelines outlined in the Federal Fair Housing Act. Our commitment to fairness means we do not discriminate against individuals based on race, color, religion, sex, handicap, familial status, national origin, or age. Moreover, we fully comply with all state and local fair housing laws to maintain a high standard of ethical conduct. To streamline the application process, we offer our convenient online application to all prospective tenants interested in applying for any of our available properties.
At DFW Property Management.com, we prioritize the well-being of our property owners by implementing a comprehensive tenant screening process. We understand the importance of providing them with peace of mind. To acquaint you with our rental criteria, we have compiled a detailed list of requirements for prospective tenants. Please feel free to click on each criterion to access additional information. Should you have any questions or require further clarification, we encourage you to reach out to us at (682-200-6700).
What We Require
Prospective tenants will need to provide the following to complete our application process:
- Copy of driver’s license or other valid government-issued picture ID
- 3 or more most recent pay stubs, with name and other relevant information clearly visible. Applicants’ combined gross income must be at least three (3) times the monthly rent amount.
- 3 or more most recent bank statements showing direct deposit information. Your name and other relevant information must be clearly visible.
- Two to five years of rental history including the name, address, and phone numbers of landlords with the dates of tenancy (sources must be professional -- family and friends do not count).
- If you are self-employed, your income must be verifiable through a CPA-prepared financial statement or most recent tax returns and bank statements.
- Non-refundable application fee ($60 per applicant)
Identification
You must provide a copy of a current and valid Government-issued Photo ID such as driver’s license, state ID or, passport.
Income Verification:
Applicants will be asked to provide information on monthly income, and please note that we require that applicants’ combined gross income is at least three (3) times the monthly rent amount. Applicants may combine incomes.
- Your income must be verifiable through 3 most recent pay stubs, employers, tax records, and/or bank statements.
- If you are self-employed, your income must be verifiable through a CPA-prepared financial statement or most recent tax returns and/or bank statements.
- Co-signers are not accepted.
Rental History or Home Ownership:
To complete this rental application, you must provide 2-5 years of rental history, including the name, address, and phone numbers of landlords with the dates of tenancy. Rental history must be verified from professional sources. If your only rental history is from a biased source such as family or friends, you have not fulfilled our required rental history requirements.
If you have less than 2 years of verifiable rental history, you may have to pay 1 and a half of the deposit. If you owned rather than rented your home during the previous 2-5 years, you will need to furnish mortgage company references and/or proof of ownership or transfer from the past 2-5 years.
You will be automatically denied for any of the following reasons:
- You have been evicted within the last 5 years.
- You have broken a lease within the last 5 years (unless you have valid reasons with supporting documentation).
- You owe money to a previous landlord or apartment complex.
- Falsified landlord information.
- Excessive late payments
- Lease violations
Credit History:
We prefer applicants to have a FICO score of 500 or above. If your FICO score is below 500, or if your credit report does not show a FICO score, or you have insufficient credit lines or excessive collections, you may required to pay a higher deposit, or your application may be denied. We consider other factors such as rental history and income, and such applicants are reviewed on a case by case basis. For multi-family properties, our credit requirements can be more flexible. If you filed for bankruptcy within the last two years, your application will be automatically denied.
Criminal History:
We conduct an authorized criminal background check on all applicants as a part of the application process.
We Do Not Rent To Any Person Required To Register As a Sex Offender
The following lists of offenses are examples of cause for automatic rejection:
Aggravated Assault, Arson, Burglary, Destruction of Property, Felony Conviction, Illegal Resident Status, Indecency with a Child, Kidnapping, Lewd Behavior, Manslaughter, Molestation, Murder, Organized Crime, Prostitution, Rape, Robbery, Sale/Manufacture of Drugs, Sex Crimes, Stalking/Harassment, Terrorism
Applicants should satisfy any concerns regarding crime statistics and sex offenders in any area where they might consider residing.
Eviction History:
If you have been evicted from a property within the past five years, your application will receive an automatic rejection.
Pet Criteria:
Please visit our Pet Criteria page for more information.
Funds Required:
DFW Property Management.com charges a non-refundable application fee of $60. Once you submit the application, the application fee will not be refunded for any reason. Once you are approved, you will be required to pay a $150 non-refundable administrative fee per lease in addition to the application fee and any deposits.
Agent Representation
If you are represented by a real estate agent, we require the following:
- Your agent must contact CSS and show you the property; please do not contact DFW Property Management.com to arrange a showing; the property must be shown by your agent
- Upload a copy of your agent’s business card along with your application
- Please ask your agent to communicate with us directly. If you prefer us to contact you directly when we process your application, please notify both your agent and DFW Property Management.com
- Your agent must sign a “Broker-to-Broker agreement” (click here for an example)
- Your agent must send us a W-9 from their broker. DFW Property Management.com will only pay the agent’s broker, so the W-9 must be from the agent’s broker. (Click here to download a W-9)
Property Owner Approval:
The application criteria specified here is DFW Property Management.com’s criteria. Ultimately, the property owners can make final decision to deny or approve an application based on their own screening criteria.
After Approval – What To Do?
Once you receive notice from DFW Property Management.com that your application has been approved, you must sign the lease and pay the following monies in either certified funds or via our online portal within 2 business days of notice from DFW Property Management.com:
- Deposit
- Non refundable pet fee
- Non-refundable administrative fee of $150
You will pay one full month’s rent upon move-in. If your lease does not start on the 1st of the month, you will still pay one full month’s rent upon move-in and pay prorated rent the following month.
The lease will be sent via Dotloop to all parties for review and signatures, and once the signing is complete, a copy will be sent to each party. Click here to a view an example of a lease, and click here to watch a quick video of a Texas Realtors Lease Video.
*** Please Note: Multiple applications can be taken for the same property. Tenant selection in such a case should it arise will be based not on the first application but on the best qualified application.
Application Questions
Q: Have you been evicted within the last 5 years?
A: Your application will be automatically denied if have been evicted within the last 5 years.
Q: Have you broken a lease within the last 5 years?
A: Your application will be automatically denied if broke the lease with in the last 5 years and still owe money to previous or current landlords.
Q: Have you ever failed to give proper notice when vacating a property?
A: Your application will be automatically denied if you failed to give proper notice when vacating the property and still owe money to previous or current landlords.
Q: Do you owe money to a previous landlord or apartment complex?
A: Your application will be automatically denied if you still owe money to previous or current landlords.
Q: Have you been late paying rent more than 3 times within a 12-month period?
A: Your application will be automatically denied if you were late paying rent more than 3 times within the last 12-month period.
Q: Have you had two or more NSF checks or NSF ACH transactions within the last 12 month period?
A: Your application will be automatically denied you had two or more NSF checks or NSF ACH transactions within the last 12 month period.
Q: Have you ever been convicted of a felony?
A: Your application will be automatically denied if you ever been convicted of a felony.
Q: Are you required to register as a sex offender?
A: Your application will be automatically denied if you required to register as a sex offender.
Q: Do you own any pets?
A: If you own any pets and your application is approved, you must pay any required pet deposits per pet and a monthly pet fee per pet. Please visit Pet Criteria for more information.
- One time Non-Refundable Pet Fee - $400 non-refundable per pet (pet fees may vary depending on the property).
- Monthly Pet Fee - $25 per pet
Q: Do you know your FICO score?
A: We prefer applicants to have a FICO score of 500 or above. Please see the CREDIT HISTORY section above for more info.
Q: How long can we hold a property for you?
A: Typically we can hold a property for a maximum of 14 days from approval of application, or when a property becomes vacant; whichever is later — this is up to the property owner’s discretion. Rent will be charged beginning on the 15th day.
Examples of Reasons for Denial of Application — if you:
These are merely examples of reasons for denial, but do not represent the full range of reasons for denial. Please contact our office if you have any questions: (682) 200-6700
- Failed to give proper notice when vacating a property
- Have previous landlord(s) who would be unwilling to rent to you again for reasons pertaining to your behavior, or the behavior of your family members, guests, invitees, or pets; or others allowed on the property during tenancy
- If you owe money to a previous landlord, or have an unpaid collection filed against you by a Property Management Company or previous landlord
- Have had 3 or more late payments of rent within a 12-month period
- Have an eviction that has occurred within the past five years
- Have received a current 3-day notice to vacate
- Have had 2 or more NSF checks or NSF ACH transactions within the last 12 month period
- Have allowed person(s) not on the lease to reside on the premises in violation of the terms of your lease
- If an owner desires “No Smokers” on the property. Or failure to meet any other stated criteria
- Have a Criminal History
- Have a negative Rental History
- Have a negative credit history or excessive collections
- If you failed to provide accurate or complete information on your application