Thank you for your interest in renting a home from MRA Property Management Company. MRA is a professional property management company, that strives to provide professional services and maintain a cooperative relationship with its tenants. This helps to ensure that our buildings and units are maintained properly for the mutual benefit of you, the building owner and MRA. Below is a brief description of our screening and rental process. If you have any questions please feel free to ask.
Hours: Our office hours are 9:00 AM to 5:30 PM Monday through Friday. Our staff is on call for emergencies at all times.
Qualifications: For every unit we rent, we seek out the best tenant(s) possible. We base our decision upon the following criteria:
Personal: Your most important qualification is your personality. It is important for us to have effective and friendly communication with each other, while you are looking for a unit and later if you rent from MRA.
Income: You must be able to prove you can afford the unit. This means that your combined gross monthly income for each household must be at least three times the monthly rent.
References: It is important for us to verify tenant and employment references. These references must be from people who are in a position of responsibility and have the authority to verify required information. It is important to contact these people quickly, therefore, you must provide all relevant information on your application (i.e. work and home phone numbers). We will not approve an application until all references have been verified and are satisfactory.
Credit: We do not require credit, but good credit is helpful. Lack of a credit record does not imply either good or bad credit, however, we are concerned with anything negative on a credit report.
The Application Form: Every adult who intends to live in the unit must fill out an application. Please fill in every space on the application form. Indicate if something does not apply to your situation. If you have any questions, we will be happy to assist you.
The Application Process: We hope you understand the way we do business. Our application process must be thorough. We are fair and make our decisions quickly. However, it may take several working days to process an application considering there may be difficulties (i.e., your references are hard to reach or verify, etc.). We receive many applications, therefore, we do not begin processing an application until:
- It has been completely filled out;
- The Application and Credit Report fee has been paid;
- Every adult applicant for the unit has seen the unit and completed an application;
- Any additional/cosigner information has been provided;
- We have met and interviewed each applicant, either on the phone or, preferably, in person. We must also meet any children who will live in the unit.
If we offer you a home, we require you to bring in a Security deposit either in the form of a cashiers check or money order, payable to "MRA" along with the application form completely filled out. Otherwise, we will continue to show the unit to potential applicants.
If you are not accepted the full security deposit is returned at once. But if you are accepted that security deposit is held until the lease terms are completed and you give us a 30 day notice you are moving out. We then have 30 days to return the security deposit if there are no damages.
All information provided on the application is confidential. If you receive an unfavorable reference we will not confirm who it was from or what it was about.
Pets: Each property strictly adheres to a pet policy. Please familiarize yourself with the pet policy for the property in which you are interested in living.
The Application Processing Fee: Each Applicant must pay an Application Processing Fee. This fee covers the cost of obtaining credit and background reports and other minor administrative costs incurred in processing your application. This fee is NOT refundable to you unless the unit is rented to another individual prior to your application being processed. It is an estimation of the actual out-of-pocket expenses to be incurred while verifying and qualifying the submitted rental application. It is possible that an additional fee may be required to be paid at a later time for additionally required verification procedures. By paying these fee(s) the Applicant acknowledges and understands that the Application Fee is a non-refundable charge to cover the costs of processing the application. The fee may be paid in cash or money order, or by personal check although the process may be delayed as we may wait for the check to clear.
The Lease: It is customary for MRA to lease our properties in a one year basis. Month to month leases are an additional $50 per month (when available). This amount covers the high cost of home turnover and additional wear and tear. Please ask us about the policy on a particular building or property.
Roommates: MRA rents to stable households of people who have a commitment to living with each other, NOT a "revolving door" of roommates. In addition, we will accept only one rent check for payment -- not several checks (such as one from each roommate) -- it is the tenants' responsibility to pool all moneys and submit one payment.
Cosigners: We prefer to rent units without cosigners. Cosigners must also complete an application and the cosigner(s) must sign the lease, which can take extra time if they live far away. The applicant is responsible for sending the lease to the cosigner(s) by overnight mail so that it can be signed and returned to our office before the proposed move-in date.
Move in Cost: We can often move you in for a total cost of just over two months rent (the first 30 days and a security deposit) if the following conditions are met:
- You have been employed at your present job at least one year;
- You have at least two favorable tenant references;
- Your household income is three times the rent;
- We get along with you and have no reservations about your tenancy.
How to Pay: All move in costs MUST be paid by either a cashiers check or money order, payable to "MRA," BEFORE the move-in date. Thereafter, MRA will accept personal checks, money orders or cashier's checks. We strongly discourage the payment of deposits or rent in cash, for your safety and for ours.