Elm Property Management  — Rental Standards & Application Requirements

Please review these rental standards carefully before applying.
All application fees are non-refundable, whether your application is approved or denied. Since applications are processed through a third-party screening company, there may be multiple applications for the same property.

Application Link:
https://fs17.formsite.com/residentresearch/ElmManagementGroup/index.html

Pet / Service Animal Approval

All applicants—even those without pets—must complete the pet/service animal screening process. If you fail to complete this step, your application will not be approved.

Application Link: https://elmmanagementgroup.petscreening.com
 

Application Process

Elm Management Group takes pride in providing residents with quality rental homes.
Applications are processed through a separate tenant screening company, and each adult occupant (18+) must submit a complete application.

• Application Fee: $85 per person, paid directly to the screening company.
• Non-Refundable: All application fees are non-refundable.
• Email Required: Each applicant must have a valid email address.
• Lease Holding Period: We will only hold a unit for 2 weeks from the date of application approval; you must move in within that period.

Qualification Guidelines:

Rental History

• Minimum 2 years of verifiable rental history from a non-relative landlord or property management company.
• Negative rental history (collections, late fees, unpaid balances) or no rental history may result in denial.
• Evictions must be at least 12 months old with no negative reports since.
• No unpaid balances to any previous or current landlord.
• Any false information will result in automatic denial.

Employment / Income

• Must have a gross monthly income of at least 3 times the rent.
• Income must be verifiable.
• Acceptable proof includes:
• Verified employment (VOE) from employer or “The Work Number” line.
• For self-employed applicants: 2 years of tax returns or a CPA-prepared profit & loss statement.
• Social Security award letter.
• Housing Choice Voucher documentation.
• Verified offer letter from an employer.
• Bank statements are not accepted as proof of income.
• False information will result in automatic denial.

Credit

• Applications may be denied if more than 50% of credit accounts are negative or if no credit history exists.
• Accounts older than 5 years (last reported date) will not be factored into the 50% ratio.
• No collections to utility companies.
• No minimum credit score requirement.
• Bankruptcies must be discharged before consideration.

Criminal History

• All criminal history must be disclosed. Failure to do so will result in automatic denial.
• Criminal records older than 7 years are not considered.
• Records less than 7 years old require explanation.

Other Requirements:

• Rent Payments: Must be made online (2.99% fee for credit/debit cards, $3.00 fee for bank draft) or via PayNearMe locations ($3.99 fee).
• Renter's Insurance: Required for all tenants. If a pet is approved, it must be listed on the policy.
• Tenant Portal: Must be set up and text communication enabled.
• Pets:
• Any non-human occupant is considered a pet.
• $45/month pet rent per approved pet.
• Pet application required: https://elmmanagementgroup.petscreening.com
• Must include pet photos and vet records.
• Unapproved pets after move-in = $1,000 fine and lease violation.
• Service/Companion Animals: Must provide a letter from a licensed medical professional (verified by phone) and complete the pet screening process.

Lease Terms

• All leases end May 31.
• Rent due on the 25th of each month.
• Security deposits may be up to 3 times the monthly rent if rental, income, or credit history is insufficient.

Resident Benefits Package (RBP)

The RBP is $55.95/month and includes:

• HVAC air filter delivery every 60 days.
• Renter's insurance (meets lease requirements).
• Resident rewards program for on-time rent payments.
• $1M identity protection for adult leaseholders.
• Credit reporting for on-time rent payments.
• 24/7 online maintenance reporting.
• Home buying assistance.
• Online account access and payment options.
• Vetted vendor network for repairs.

Insurance Requirements:

• Minimum $100,000 liability coverage required.
• Policy must be from an A-rated carrier.
• Elm Management Group must be listed as Additional Interest:
• PO Box 660121, Dallas, TX 75266
• If coverage lapses, a $25 violation fee applies and you will be enrolled in the RBP insurance plan.

Two Options:

• Do nothing: Automatically enrolled in RBP coverage.
• Provide your own policy: Submit proof via http://insurance.residentforms.com.

Please complete your application thoroughly and upload a copy of your driver's license.
Processing takes approximately 24–72 hours once all documentation is received.