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Rental Basics in Magnolia : Real Estate Advice

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Mon Apr 15, 2013
Robin Bilby answered:
Anthony, it is beneficial to have (good) credit, however, that isn't always possible for first time applicants or women who are recently divorced and without a work history. Property management companies usually have stricter guidelines than properties managed by individuals.

A Lease Guaranty (TX), which ensures payment by another individual, such as parents or ex-spouses, may be considered, along with any form of good credit and/or rental history. Additionally, prepare a letter of explanation regarding the circumstances. However, it is totally up to the discretion to the person reviewing the application.
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