Owners: 404.937.1850
Prospective Tenants: 770.783.3737

Rental Qualification Requirements for ALH|Podland Realty  Atlanta Property Management

Welcome to ALH|Podland Realty & Rental Homes Property Management. Before you apply to lease an ALH|Podland Realty rental Homes please take the time to review this screening and application policy. All persons 18 years of age or older will be required to complete separate rental applications and pay a full application fee of $55. Application fees are non refundable. Applicants with adult dependents and applying for residency will complete a joint application. The term "applicant(s)" under this policy means the person or persons that will be signing the Lease as "residents"; the term "occupant(s)" in this policy means the person or persons that are authorized occupants under the Lease. Minimum age requirement for a primary applicant is to be 21 years of age.

Please also note that these are our current rental criteria, nothing contained in these requirements shall constitute a guarantee or representation by ALH|Podland Realty Atlanta Property Management that all residents and occupants currently residing in an ALH|Podland Realty have met these requirements.

We do not allow home businesses such as elderly care, child care or care of the disabled to operate in any one of the properties that we manage. Our owners insurance companies strictly prohibit those businesses on the properties as the properties are WILL NOT meet the requirements set by the State of Georgia for those businesses.

Occupancy Guidelines

The following occupancy standards are based on our company requirements.

How You Will Be Evaluated+

All applicants are evaluated on a scoring system assigning different weight to one or another criteria. To be approved, an applicant must accumulate a minimum of 70 points out of total 100 points. Credit score, Income, Stability of Employment, Length of Employment, Length of prior residency, and other factors go into the evaluation. If you score less than 70 on our Potential Tenant Score Card, your application will be denied. A score of 70 must be acquired to be approved for residency.

Scoring System and Security Deposit Requirements

A score of 70 to 74 points will require a security deposit in the amount of three times the monthly rent;
Applicants with scores of 75-79 will require a security deposit in the amount of two times the monthly rent;
Applicants with scores of 80 to 100, will be required to pay a security deposit in an amount of one month of rent:

To View Prospective Resident Qualification Score Card: Click here

Proof of Income and Income Requirements+

Applicants with undocumented income will be denied. Furthermore, applicants trying to falsify proof of income will be automatically declined. We are looking for CONTINUOUS, VERIFIABLE income to ensure regular and timely payment of rent.

Verifiable income is listed below. Undocumented income means you are not able to produce a check stub, a W-2, a 1099, a copy of tax return or an official statement of disability or other type of government benefit.

  • 90 days worth of pay stubs. If you are paid weekly, that would be 12, bi-weekly - 6, and monthly - 3.
  • Check stubs MUST BE from a legitimate company or payroll service (we check!)
  • Employer letters must be on company letterhead and include company logo, date, your name, new position description, pay rate, location where you'll be working, contact information for your immediate supervisor and must be signed by a representative of the company with phone number or company email address. (any variations will not be accepted)
  • Self Employed individuals need most recent 1099's,most recent 2 years of Tax Returns (must match the rest of your proof of income) and at a minimum most recent six months of bank statements
  • We reserve the right to review all outstanding debts when determining our credit decision.
  • SSI Letters, Court Ordered Child Support, Court Ordered Alimony, VA Benefits Letters, Pension Letters - all must be for current year.
  • Self printed pay stubs do not qualify as proof of income
  • Bank statements alone do not qualify as proof of income.
  • If you are self employed, your company must be registered with the state of Georgia if you are planning to continue your business
  • If you are self employed, your company must show "ACTIVE" at the Secretary of State web site in the state of Georgia

We do not allow home businesses such as elderly care, child care or care of the disabled in any one of the properties that we manage. Our owners insurance company strictly prohibits those businesses on the properties. Homes that are managed by us are meant for NORMAL living situations.

Your Gross income must be greater than .28 times the rent amount for any financially responsible applicant. There are no exceptions. (to get your monthly required amount, take the rent amount and divide by .28 or

$of rent /.28=Your Required Monthly Income

  • Co-signers gross income must be .22 times the rent amount or

$of rent /.22=Your Required Monthly Income

*If your Employer Uses TheWorkNumber.Com*

If your employer uses the WorkNumber.com for verification, we are unable to use it. They charge landlords almost $46 to verify your income and employment. Your application fee does not cover such a fee, therefore, you can log in to the WorkNumber.com by yourself as an employee and print, or save the PDF file versions of your last 3 months of pay stubs. We will accept pay stubs printed from the www.theWorkNumber.com.

The Work Number

You as an employee, can access the website to provide us with information that we need. Please use the link: https://www.theworknumber.com/Employees/Help/faq.asp?category=employment_data_report to learn how to do that.

The exorbitant cost of this service will not be absorbed by ALH|Podland Realty.

Debt To Income Ratio+

Our standards for Debt-to-Income (DTI) ratio

Once you’ve calculated your DTI ratio, you’ll want to understand how we review it when we’re considering your application. Take a look at the guidelines we use:

35% or less: Low Risk Relative to your income, your debt is at a manageable level.

You most likely have money left over for saving or spending after you’ve paid your bills. We generally view a lower DTI as favorable. Anyone with a TDI in this range will be charged the standard security deposit of one month of rent, providing all other criteria has been met.

36% to 49%: Medium Risk Anyone with a TDI in this range will be asked for a security deposit at 1.5 times the rent amount, providing all other criteria has been met.

You’re managing your debt adequately, but you may want to consider lowering your DTI. This could put you in a better position to handle unforeseen expenses. If you’re looking to borrow, keep in mind that lenders may ask for additional eligibility criteria.

50% or more: High Risk - You may have limited funds to save or spend. Anyone with a TDI of 50% or above will be denied.

With more than half your income going toward debt payments, you may not have much money left to save, spend, or handle unforeseen expenses. With this DTI ratio, you are a high risk tenant.

To calculate your debt-to-income ratio:

Add up your monthly bills which may include: Monthly rent or house payment, utilities, food, insurance, car payment, credit cards or other payments. ...

Divide the total by your gross monthly income, which is your income before taxes.

Multiply by 100, the final number is your DTI

The result is your DTI, which will be in the form of a percentage.

The lower the DTI; the less risky you are.

What does my debt-to-income ratio mean?

Everyone’s financial situation is different, but in general, you can look at your debt-to-income ratio in the following way:

Your debt-to-income ratio is less than 36%. You are carrying a healthy amount of debt for your finances. Consider contributing to a Saving for the Future or retirement account with any extra money you have leftover in your monthly budget.

Your debt-to-income ratio is between 37% and 42%. Your debt load is acceptable, but not perfect. If possible, use some of your extra money each month to pay off a few debts and reserve the rest for savings.

Your debt-to-income ratio is between 43% and 49%. This ratio indicates you may be on the verge of financial distress. Explore ways to free up more money in your budget and consider using a debt reduction strategy to reduce your debts.

Your debt-to-income ratio is more than 50%. You have too much debt and need to find ways to reduce your debt immediately.

What if my ratio is high, but I don’t feel like I’m in financial distress?

In some cases—particularly when your ratio is between 43 percent and 49 percent—you may not really feel like you’re in financial distress even though you put such a high portion of your income towards paying your debts each month. Keep in mind that a healthy financial outlook includes setting aside money for savings, as well as regularly contributing to some kind of retirement account to prepare for the future. In addition, while breaking even every month may make it seem like you’re doing okay, one emergency or unforeseen expense could send your finances spiraling out of control.

Learn more about Debt to Income Ratio Here

Bankruptcies+

Anyone with an active bankruptcy is automatically denied. Applicants with bankruptcy of over 4 years will be reviewed based on the rest of credit requirements. Bankruptcy of four (4) years or less will trigger an automatic denial.

ID Requirements+

Forms of ID we require and accept are as follows:

You must provide an actual copy of your social security card as well as one CURRENT form of ID listed below. Expired documents will not suffice. Documents must match your information that is in the application.

We accept the following forms of ID

  • A Current Driver's License give from the state where you have lived for the past six months
  • A Current United States Passport
  • A Current Green Card
  • A Current Military ID
  • A Current State Issued ID card from the state where you have lived for the past six months

Photographs and text in the CURRENT ID must be clearly visible and sharp to be able to be easily readable.

Forms of ID that are NOT accepted

  • A Temporary State Issued ID Card or a Temporary State Issued ID Card from a different state with an expiration date of less than the lease term
  • An Expired Temporary State Issued ID Card from ANY state
  • A Temporary Driver's License with an expiration date of less than the lease term
  • INS Temporary Work Permit with an expiration date of less than the lease term
  • Tax ID number in lieu of a Social Security Card
  • Any State or Federally Issued ID without your photograph

What We Look For In Your Documents

  • A Valid Social Security Card
  • Your ID information must match what is on your application
  • Dates of employment must match what is on your application
  • Residence dates must match what is on your application
  • Expired ID's will not suffice as proof of ID
  • Temporary documents such as work permits
  • Tax ID numbers do not suffice and are not a replacement for the Social Security Card
  • Statements made and information provided on your application MUST match your identification information, legal status in the United States, residence history,

Before your application is processed, those forms of ID must be presented to us for review. If we are unable to match your ID information to what is on the application, your application will be denied.

Rental/Mortgage History+

ALH|Podland Realty requires written Verification of Rental History from a prior landlord or Verification of Mortgage (VOM) on all Primary Applicants and others financially responsible for rent payments. Primary Applicant must have a minimum of 12 months positive rental or mortgage history within the past 36 months. If a previous landlord cannot be contacted, 12 consecutive months of proof of payment must be provided plus, a copy of a signed lease agreement must be provided. Sublease documents are not considered a part of rental history and will not be reviewed. Applicants not having verifiable rental history will have to have a co-signer and pay a total deposit equal to two and a half months rent, providing a score of 70 or above is achieved within the scoring system.

Your Application may be Declined for any of the following reasons:

  • Outstanding debt to a previous landlord or an outstanding NSF check not paid in full;
  • A breach of a prior lease or a prior disposessory filing on any applicant or occupant who is in the process of eviction (that means that a disposessory has been filed in the courts);
  • More than 3 late payments and/or 2 NSFs within the past 12 months;
  • Documented complaints or damages from previous landlords.
  • Falsifying Rental History
  • Subleasing without a written agreement
  • Two or more lease violations in one calendar year
  • Automatic denial to anyone with a prior history of disposessory filings, evictions, landlord lawsuits or judgements for non-payment of rent. Eviction Judgements that have been paid off to landlord will be reviewed AFTER a period of 4 years.

Credit & Other Restrictions+

  1. The minimum credit score requirement is listed on each property description page under Tenant Requirements Section.
  2. If you did not provide supporting documents to ALH|Podland Realty within 72 hours from application date, your application will be denied
  3. If you falcified any information on the application or supporting documents, your application will be denied
  4. If you have an active bankruptcy, your application will be denied
  5. If you have a bankruptcy of less than four years from discharge date, your application will be denied. Applicants with bankruptcy of over 4 years will be reviewed based on the the rest of credit requirements and qualification criteria
  6. If you can not prove your income based on our specifications, your application will be denied
  7. If you have disposessory actions or landlord law suits in your history that are less than 10 years old, your application will be denied
  8. If you have evictions on your record that are less than 4 years, your application will be denied

A credit report will be completed on all adults (18 years of age and older) leaseholders as well as occupants to verify credit worthiness and to check back ground information. We will also perform a search of Landlord/Tenant Court records and a Criminal Activity check.

Credit score requirements are different based on different properties and property owners. An actual credit score requirement will be listed on the property flier for each particular property.

No Credit Score+

If your credit report does not show a credit score, you will have to have a co-signer, or another adult over the age of 21 who will be able to show a satisfactory credit history to either be on the application with you or have a co-signer who will be financially responsible for your portion of the lease or the whole lease.

If there is no credit score available, however, you qualify under income, employment and other requirements, your security deposit will be double the rent amount.

Bankruptcies+

Anyone with an active bankruptcy is automatically denied. Applicants with bankruptcy of over 4 years will be reviewed based on the rest of credit requirements. Bankruptcy of four (4) years or less will trigger an automatic denial.

Security Deposit Requirements+

A security deposit is required at the time of your move-in inspection and before the keys are turned over to you. Deposits are refundable upon move-out, less any charges assessed for damage to the property and any unpaid balance owed at the time of move-out. Applicants with score of 70 will be required to pay a deposit in the amount of two (2) months of rent, scores of 71 to 79 points will be required to pay a security deposit in the amount of one and a half months; applicants with scores of 80 to 100, will be required to pay a security deposit in an amount of one month of rent. Deposits may not be applied to first month's rent or towards rent at any time during the residency.

Deposits can be made in the form of money order, certified funds or cashier's check or a combination of the above.

All properties will list in the description a minimum required FICO score. Fico scores within 20 points, and depending on other factors and total score of applicant may go up to 2 times the monthly rent amount for security deposit

Applicants With Undocumented Income+

Applicants with undocumented income will be denied. Furthermore, applicants trying to falsify proof of income will be automatically declined. We are looking for CONTINUOUS, VERIFIABLE income to ensure regular and timely payment of rent.

Verifiable income is listed below. Undocumented income means you are not able to produce a check stub, a W-2, a 1099, a copy of tax return or an official statement of disability or other type of government benefit.

  • 90 days worth of pay stubs. If you are paid weekly, that would be 12, bi-weekly - 6, and monthly - 3.
  • Check stubs MUST BE from a legitimate company or payroll service (we check!)
  • 1099's, W-2's, most recent 2 years of Tax Returns (must match the rest of your proof of income)
  • We reserve the right to review all outstanding debts when determining our credit decision.
  • SSI Letters, Court Ordered Child Support, Court Ordered Alimony, VA Benefits Letters, Pension Letters - all must be for current year.
  • Self printed pay stubs do not qualify as proof of income
  • Bank statements alone do not qualify as proof of income.

Outstanding Debt (Utilities Or Cash Advance/Payday Loans)+

All outstanding collection accounts in excess of $500 incurred in the past seven years for utilities or cash advance/payday loans, will trigger a decline. Any utility and payday loan debt $300 and under will not be required to be paid. Proof current utilities are in applicants name with no delinquent balance is required. If proof cannot be obtained, the debt will be required to be paid.

Outstanding Debt (Prior Landlord)+

All outstanding debt owed to a prior landlord; applicant will have 48 hours to prove the debt does not belong to them. If not received within 48 hours, application will be declined. Any applicant with prior evictions, disposessory filings (same as eviction filing) lawsuits with landlords or judgements for non-payment of rent will be automatically denied.

Each applicant over the age of 18 will be required to pay an application fee of $55, each co-signer is required to pay a $55 application fee. Additional applicants within the same family age 18 or over (secondary tenant) will pay an application fee of $55 and will be reviewed and screened in the same fashion. Application fees are not refundable.

  • If one applicant within a group (family, roommates, etc.) is denied for prior evictions, dispossessory filings, landlord lawsuits or judgements for non-payment of rent, THE WHOLE GROUP WILL BE DENIED.

Criminal Background+

A criminal background check will be conducted for each applicant and occupant age 18 years or more. The application will be denied for any Felony or a certain Misdemeanors that have occurred within the timeline identified below prior to the application deadline date regardless of the applicant's age at the time the offense was committed. All records are evaluated from the date of disposition. Traffic Violations will not be considered.

  • Any Misdemeanor Conviction within the past 7 years will trigger an automatic denial of application.
  • High Level Misdemeanor Convictions including but not limited to Assault, Drugs (possession or distribution), or Theft will be denied irrelevant of time lapsed.
  • Completed service for a Felony Conviction within the past 10 years will result in a denial. That means you have to be discharged from prison no less than 10 years prior to application date.
  • Felony Convictions such as Armed Robbery, Rape, Murder, Domestic Violence,Kidnapping, Drugs (possession or distribution), Child Molestation and Child Abuse will cause an immediate denial of the application irrelevant of time lapsed.
  • Any Discharged Crimes Related to Prostitution will cause an immediate denial of the application irrelevant of time lapsed. To be clear, any convictions relating to any of the below listed behaviors will be denied irrelevant of time lapsed
  • In addition to pimping and pandering, there are several prostitution-related crimes that involve third parties. State laws relating to the sex trade typically prohibit certain categories of behavior that foster prostitution. These include:
    • keeping or residing in a house of prostitution
    • leasing a house for prostitution
    • procuring a person to travel for purposes of prostitution
    • bringing a person to a place kept for prostitution
    • sending a minor to, or permitting a minor to enter a house of prostitution, and taking a person against his or her will for prostitution.

Americans with Disabiities+

For Disabled Americans, with proof of disability, requests for Reasonable accommodations may include, and will be approved with instruction on who may and may not perform the work, for modification at tenants expense for the following:

  • Installation of a ramp so that an individual in a wheelchair can have access to property
  • Installation of grab bars in the bathroom
  • Installation of tile flooring to make it easier for a person with a walker or wheelchair
  • Widening doorways, lowering kitchen cabinets and door knobs
  • Occasional support – we will not prohibit social services or health provides to visit as needed
Also, items such as modifications to cabinets or vanities, door knobs, doorway adjustment, etc. will be asked to be placed to their original position and condition at end of tenancy. Furthermore, for expenses to return these items to their original condition, the amount stated in an estimate from a licensed contractor will be held in our escrow account from the time the modifications are made to the property.

* only licensed residential contractors approved by the ALH|Podland Realty may perform the work for the modifications within the property.

Guarantors+

Guarantors (co-signers) will be accepted for applicants who do not meet the required rent-to-income ratio or denied on credit. Only one guarantor per applicant is permissible. For guarantor-supported applications, guarantor will be required to complete the application and pay a full application fee. Guarantors must have a gross monthly income .22 times of the monthly rent (see formulas for calculation above in the Income Section) and meet all other qualifying criteria identified in this screening policy. The guarantor must execute the Residential Lease Guaranty form at the time of submitting the rental application. Guarantors may be relatives, or an employer; friends may not serve as a Guarantor. Guarantors are to be presented at initial application. If an applicant is denied, they must wait 45 days for restart application process. If a Guarantor is added after applicant denial, Manager approval is required to waive the 45 day waiting period and approve with the Guarantor.

It is to be understood, a guarantor is the person Financially Responsible for Lease Payments and all consequences resulting in being Financially Responsible Party.

Age+

Lease Holder Applicants must be 21 years of age or older. Anyone under the age of 21 will need to have a co-signer who will be responsible for the lease.

Falsification Of Application+

Any falsification in Applicant’s paperwork will result in the automatic denial of application and applicant will not be given the option to reapply. In the event that an applicant falsifies his/her paperwork, applicant will forfeit all deposits and fees paid.

Denials+

Once an application is denied, it is removed from our system within 7 days. If you are not approved, we will send you a letter via email and via regular mail to the address you provided on your application with an explanation for the denial and information where you can obtain a copy of your reports.

  • If you did not provide supporting documents to ALH|Podland Realty within 72 hours from application date, your application will be denied
  • If you falcified any information on the application or supporting documents, your application will be denied
  • If you have an active bankruptcy, your application will be denied
  • If you have a bankruptcy of less than four years from discharge date, your application will be denied
  • If you can not prove your income, your application will be denied
  • If you have disposessory actions or landlord law suits in your history that are less than 10 years old, your application will be denied
  • If you have evictions on your record that are less than 4 years, your application will be denied

Approvals+

Approvals are good for 48 hours from the approved date. If a lease is not signed and a holding and administrative fees are not paid within 48 hours of acceptance; acceptance becomes null and void.

We will NOT hold a property for someone who has not signed a lease or paid their holding fee within 48 hours of acceptance.

We will continue to market the property until the holding fee is paid

Holding Fees+

Holding Fee will hold your property for you until you move in. The property will be removed from the market and will no longer be advertised for rent. Holding Fee will be converted to your first month rent after you move into your new rental home.

If you change your mind, your circumstances change, and you DO NOT move-in into your approved home, you will FORFEIT (loose) your holding fee.

Lease Variations+

Applicants With Licensed In Home Care Business ALH|Podland Realty Does Not Lease Properties To Applicants Who Operate In-Home Care Centers.

Insurance Leases ALH|Podland Realty does not accept insurance leases or any type of short term (under 12 months) housing leases.

Pet Policies+

Depending on the property and the property owners requirements for that property, dogs under 25lbs may be accepted if they are:

  • A friendly breed
  • Are house trained
  • Have all of their vaccines
  • Don't present a nuisance for the neighbors (such as constant or loud barking)
  • Only if the property owner allows animals on the property
  • Only one dog per property
  • No other animals, no cats, no snakes, no birds, no mice, except for service animals are allowed.

A non-refundable pet fee (not a deposit) of $350.00 will be charged if the animal is approved. Additional $30 per month pet rent required. PRIOR Approval required. Photo and veterinary records of animal must be provided with the application. Pet photo, age, name, weight must be provided prior to approval. Please see above our "Service Animal" policy. Fees and rent do not apply to service animals.

Contact us for all your Property Managment & Rental Home Needs

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Atlanta Property Management
"For Investors" and "By Investors"

Quality Rental Homes and Atlanta Property Management offered by ALH|Podland Realty & Renal Homes Property Management.

Corporate Office:
1084 Meadow Club Ct., Ste. B2
Suwanee, GA 30024

Atlanta Office:
1201 Peachtree St.
400 Colony Square
Suite 200
Atlanta, GA 30361

Decatur Office:
160 Clairemont Ave.
Suite 200
Decatur, GA 30030

Main Office: 404.937.2827 
Rental Inquires: 770.783.3737
Owner Inquires: 404.937.1850

All Rights Reserved. © 2018
ALH|Podland Realty & Rental Homes Property Management.

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