If you are the guarantor or cosigner to a tenant, you must provide proof of income that shows your income is 5 times the monthly rent. Your credit score must also be a minimum of 700. Finally, we require that you provide 12 months of verifiable rent or mortgage history.
All of your credit accounts must be in good standing in order to be considered, and foreclosure or tax liens will not be accepted.
Unverifiable or insufficient income
Large amount of late or NSF rent payments
Broken leases, property damages, and unpaid rent
Mortgage not current, foreclosures
Credit score under 550 or no credit score at all
Excessive credit collection balances, slow pays
Drug related offenses
Texas Star Realty and Property Management has its own set of criteria for those who wish to be tenants at our clients' properties. Established in 2006, we're committed to filling your property with only the best tenants possible. That's why our licensed real estate agents conduct a thorough background check on each applicant we receive for your rental property.
If you wish you apply as a tenant, you must be 18 years of age or older, fill out an application, pay a $40 fee (nonrefundable), and provide a government-issued photo-ID card. If you don't meet our rental criteria, contact us to discuss your specific situation. View our lease application procedure before contacting us.
Your gross monthly income must be 3 times the gross monthly rent
Employment must be verifiable for the past 2 years
Copy of signed tax return, paycheck stubs, W-2, or other documents to prove your ability to pay rent (if you're unemployed, retired, self-employed)
Copy of Leave and Earnings Statement (LES) - if you're a military member
Residency history for the past 2 years must be verifiable
We will obtain a copy of your credit history - you cannot supply this to us
We will check for criminal, sex offense, or terrorist database history
There may be no more than 2 tenants per bedroom
Application with false, inaccurate, or incomplete information
Litigations involving rental residency, or past evictions
Tax liens, unpaid child support
Felony convictions within 3 years
Physical crimes, violent crimes, domestic crimes, or sex offenses
Presence on sex offender database or terrorist database