Tenant Selection

Landlords agree that searching for well-qualified tenants can be grueling and time-consuming. Fortunately, Pacific Rim has a proven screening process and selects quality tenants for you. Taking time early on in our tenant-landlord relationship, allows us to divulge their trustworthiness from the start. Conducting a thorough screening upfront eliminates stress and headaches later on. Our experience has proven that good tenants are likely to stay longer when treated well, and keep your investment property in good condition when they decide to leave.

Rental Application Process and Tenant Screening Criteria

Rental Application Process

  • Prospective tenant(s) must completely fill out the rental application

    • Provide Verifiable

      • Rental History for at least the past 12 months, if not moving from home owned by applicant/s

      • Employment History

      • Bank Account Information

      • Emergency Contact(s)

    • Authorize to run credit check

  • PRPM may accept and process multiple applications on properties until an application is approved, the lease is signed, and the deposit is received

  • PRPM charges $45.00 per legal adult applicant and/or co-signer

Tenant Screening Criteria

  • Our company policy is to thoroughly check references with past landlords and employers as well as credit and/or criminal reports.

  • Credit Report Qualifications

    • FICO Credit Score

      • Single Family Home: > 640

      • Apartment Home: > 600

    • Rent - Income Ratio: Gross income must be > 2.5 times the rent.

  • Proof of Income must be provided and verifiable

    • Applicants are to provide the most recent two pay stubs from the employer

    • If applicants are self-employed, applicants must provide most recent two years of federal tax returns

    • Retired applicants or applicants with government benefits must provide three months of recent bank statements showing monthly direct deposit of payments and the documentation indicating the monthly income (government letter of social security, disability or other income) OR proof of receipt of investment income

    • Applicants using income from assets must provide the most recent account statement(s) showing at least three times the monthly rent, multiplied by the number of months in the lease term

    • Applicants with other sources of income (i.e., housing voucher, spousal/child support, or other legal income) must provide documentation illustrating the amount of monthly income.

  • Applicants may not have any "Open" bankruptcies (a bankruptcy which has not been discharged)

  • Applicants must have fewer than 3 delinquent payments over the last 12 months

**If an applicant does not meet the standard qualifications, an applicant may be able to utilize a co-signer (guarantor). The guarantor may cure qualification issues regarding negative credit, insufficient income or lack of rental history. The guarantor must be living in the State of California, must submit an application, must have a minimum income of 4 times the monthly rent

john Doe

Pacific Rim Property Management & Maintenance Solutions

CA DRE# 01426440
CSLB# 958218
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