TURNING A RENTAL INTO A HOME

LOOKING FOR A HOME IN THE MID-WILLAMETTE VALLEY?

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STEELHEAD PROPERTY MANAGEMENT

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We are pledged to the letter and spirit of the U.S. policy for the achievement of Equal Housing Opportunity throughout the nation. We encourage and support a program in which there are no barriers to obtaining housing because of Race, Color, Religion, Sex, Handicap, Familial Status, National Origin, or Sexual Orientation.

Available Units Below

FREQUENT QUESTIONS

Income
  • Applicants must have a combined verifiable monthly income, before tax, of at least three (3) times the monthly rent.
  • Employed applicants must submit proof of income in the form of their most recent 2 months of pay stubs and/or past 2 years of signed U.S. tax returns.
  • Employment offer letters are acceptable in some cases but may require a higher credit score and/or increase security deposit.
  • Self-Employed applicants must provide the past 2 years of signed U.S. tax returns.
    • Minimum of 2+ years in business preferred.
    • Minimum of 1 year in business required but may be subject to an additional deposit.
  • Bank Statements are NOT acceptable as a sole means of proving income.
  • Co-Applicants with unsatisfactory credit will not have their income counted toward qualification.
Employment
  • Applicants must have a verifiable source of their income needed to qualify.
Rental History
  • We require good references from your current landlord and your last most recent landlord.
  • If you owned your last home(s) we require residency history for at least the past 3 years.
  • Applicants must show a history of paying their rent on-time.
  • Applicants must show a history of abiding by the terms of their past leases.
  • Evictions and unpaid collections or judgements from a past landlord will be cause for denial.
Credit Report
  • Credit scores of under 550 will cause denial.
  • Credit scores under 600 may be accepted but will require a deposit of 2 times the monthly rent.
  • Credit Scores under 640 may be accepted but will require a deposit of 1.5 times the monthly rent.
  • Credit must show history of paying bills on-time.
  • Excessive collections and charge-offs may cause application to be denied.
  • Bankruptcies that have not been discharged yet will cause application to be denied.
  • Any auto repossession within the past 5 years will be cause for application to be denied
  • Co-Applicants credit scores will be averaged
Background/Criminal History
  • Applicants may be denied for any felonies of illegal manufacture or distribution of a controlled substance within the last 7 years. Felonies resulting in bodily harm or intentional damage or destruction of property, for example, arson, within the past 7 years.
  • Applicants may also be denied for any sexual related offences for any time period.
Co-Signors/Guarantors
  • Must provide proof of income showing at least 6 times the rent.
  • Must have credit score of 700 or greater.
  • A qualified co-signor does not guarantee your application will be approved.
  • Corporate Guarantors are not accepted at this time.
Non-U.S. Residents
  • Must have proof of U.S. based income OR an acceptable guarantor
  • Must provide a valid U.S. visa that is good through the entire term of the lease.
  • Will be required to pay last months rent and a deposit of at least 2 times the monthly rent.

**Providing any false or misleading statements will cause application denial. **

Most of our properties are pet friendly, however some properties do not allow for pets. Read the information provided on our rental search page for the home you are looking at to confirm if pets are allowed before making application.

Pets, service/companion/assistive animals are required to submit an animal profile through a third-party service. The profile can be completed using this link: CLICK HERE. If approved, a pet addendum will be part of your lease, and you may be subject to a pet fee between $50-$350 and/or an additional pet deposit between $0-250; dependent on your pet profile.

In all cases of an animal occupying the home, you will be required to obtain and maintain liability insurance that covers the actions of your animal.

If you do not have an agent, we can recommend independent agents that are familiar with our requirements and can help obtain quotes for you.

In general, the following criteria apply to pets:

  • No Exotic or farm animals allowed
  • No Ferrets, mice or rats
  • 2 pet limit per household (exceptions require homeowner approval)

ASSOCIATION RULES AND RESTRICTIONS: TENANTS must abide by all rules and restrictions pertaining to pets imposed by governing Homeowners or Condominium owners’ associations and local laws. Including but not limited to leashing laws/rules, pet walking areas, picking up pet waste etc.

APPROVED PETS ARE A REVOKABLE PRIVILEGE NOT A RIGHT: Approval for keeping of pet(s) within the property may be rescinded at the sole discretion of the LANDLORD for any reason LANDLORD deems. Including but not limited to, damages to the property as a result of said pet(s), odors, flea or other bug infestations, neighbor, HOA or COA complaints, aggressive behavior, pet waste not being picked up, limiting of access to the property by LANDLORD, etc. Should LANDLORD rescind approval of pet(s) within the property, pet fees and deposits will NOT be refunded.

SERVICE DOGS: F.S. 413.08(9) states that a person who knowingly and willfully misrepresents herself or himself, through conduct or verbal or written notice, as using a service animal and being qualified to use a service animal or as a trainer of a service animal commits a misdemeanor of the second degree, punishable as provided in s. 775.082 or s. 775.083 and must perform 30 hours of community service for an organization that serves individuals with disabilities, or for another entity or organization at the discretion of the court, to be completed in not more than 6 months. We take the ADA seriously and will report any false statements.

If you have a service dog, they are not considered a pet and you will not be required to pay any pet fees or additional deposits due to your animal. However, you are still required to submit a profile (at no charge) through the 3rd party screening company link provided: CLICK HERE

Yes.

You will be automatically enrolled in a tenant liability insurance program at a total cost of $12 per month. You may opt-out of this enrollment by obtaining your own renters insurance policy that meets our minimum requirements, and naming BlueHome Property Management as an interested party to the policy. We highly encourage this as our automatic policy does NOT cover your personal contents (only liability to the landlord), and you may find greater coverage for the same or less cost by obtaining your own policy.

Details of coverage requirements can be downloaded HERE and provided to the insurance agent of your choice to ensure your policy meets them.

If you do not have an agent, we can recommend independent agents that are familiar with our requirements and can help obtain quotes for you.

Well qualified applicants require a security deposit equal to one month’s rent.

Applicants with damaged credit or other factors (see criteria above) will be approved but subject to a higher deposit of 1.5 or 2 times the monthly rent.

Some pets may also require a higher security deposit between $0-$250. (See “What if I have Pet(s) or Animal(s)” above)

If you fully complete the application (including any co-applicants) and provide us with accurate contact information for your current and/or previous landlords, we can usually process your application in 2-5 business days. We pledge to process your application, whenever possible, during the same day that you apply. In some cases, approval of associations or homeowners, unforeseen circumstances, or delay receiving verifications from landlords or employers, may require some applications to take longer. You will be contacted immediately upon determination of approval or denial.

We begin processing all applications as they come in. When multiple applications come in within a short period of time; more than one applicant may be approvable, however only one will eventually be approved. Because we represent the best interest of the rental property, we will accept the best application, which may not necessarily be the first application received. We follow up with all approved and back-up applicants until a lease is signed and move-in funds received.

Unfortunately, at this time we are not set up to be able to accept section 8 housing vouchers.

All new leases are restricted to 1 year maximum. Longer term leases may be available after your first year. Your first lease may be less than a full 12 months if your lease begins after the 1st of the month or would end in August or December. Shorter-term leases are not available without homeowner approval.

An Application fee of $50 is required per applicant. Every occupant over the age of 18 and any co-signers/guarantors must fill out their own separate application. You will have space on the application to name those you are applying with.

Persons under the age of 18 must still be listed on your application as an “occupant” but they do not have to make application or sign the lease. They do have to be named as occupants of the home.

Some Homeowner and Condominium Associations may require a separate application. If such is the case, you must also apply separately to such association and approval by the homeowners or condo association is a necessary prerequisite to leasing the property to you and being able to allow move-in.

In order to evaluate the various applications, it is necessary for us to expend time and cost in credit reports, criminal reports, and other administrative cost. Hence, our policy is that the application fee is NON-refundable. In the event of multiple applications, if your application was processed and approvable, but another applicant was chosen, you may transfer your application to any other property we have available for no additional fee.

Approved applicants will be given 2 business days to review and sign the lease and deliver their move-in funds via certified funds (cashier’s checks).

Move-in funds include the first month’s rent, security deposit, plus a $150 lease processing fee.

If you have an approved pet, the pet fee and/or deposit will be due as well. (See “What if I have Pet(s) or Animal(s)” above)

In general, we do not collect last month’s rent before you move-in.

We do not accept holding deposits. We will reach out to you once your application is approved and will send you an accounting of the move-in funds required to secure the property. Once you respond that you would like to accept the property, we will order a lease prepared and send to you for review and electronic signature. We will hold a property for a maximum of 2 business days (including the day we send you the approval). Please note that we reserve the right, that at any given time in the process, up until us receiving the required funds and signed lease, the property could be taken off the market and rented to another party, even if your application has been approved.

Each property will list the soonest available move-in date. We do typically require at least 7 days between a tenant move-out and when a new tenant can move-in to perform necessary tasks between tenancies (inspecting, cleaning, and minor repairs). Requests for move-ins before this minimum 7 days will be considered on a case-by-case basis.

We do not hold homes vacant for more than 3 weeks unless otherwise approved by us and the owner of the home. Preference is given to applicants with move-in dates sooner than others.

Unless disclosure by Steelhead Management has been made in writing, or an agreement to other terms has been made in writing between you and Steelhead Property Management, the home is rented in it’s as-is condition. Therefore, we require you to acknowledge that you have viewed the home in person, have had someone view the home on your behalf, or otherwise understand that the home will come as-is. If you do not accept the home as-is, you will be given the ability to write in what condition you are making your application subject to, in the “Other Requested Items” part of the application. Note though that if we receive two or more unrelated applications for the same property, the applicant that desires the property in as-is condition may be chosen over another applicant requesting otherwise.

We abide by HUD limits related to occupancy of immediate family members. Typically, this means no more than two persons per bedroom and two persons if a studio. However, there may be additional restrictions imposed by the local municipality, homeowner’s association, and condo association restrictions that may also apply and limit occupancy further.

Students and roommates not considered a family, are subject to lower per bedroom occupancy and may be required to provide guarantor(s), have higher credit standards, income requirements, and/or additional deposits.

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