Rental Criteria

The following policies are used when screening persons for residency at any property managed by Palm Island Realty Property Management. This criteria applies to every applicant who wishes to reside at one of our properties. Applications must be filled out completely and are considered on a first come first screened basis. If negative information is found in any category, the application is subject to denial.

Decisions on renting to prospective tenants with criminal convictions will be made on a case-by-case basis with consideration given to the number, nature, and severity of said conviction(s) and in compliance with the April 4, 2016 Office of General Counsel Guidance on Application of Fair Housing Act Standards to the Use of Criminal Records by Providers of Housing and Real Estate-Related Transactions (“Guidance”).

Palm Island Property Management does not discriminate based on: race, color, religion, marital status, national origin, sex, sexual orientation, familial status, disability or source of income. We comply with all federal, state and local Fair Housing Laws.

QUALIFICATION GUIDELINES AND REQUIREMENTS

Our application screening process is powered by Appfolio with a $75 application fee. All applications must be submitted online through our website. We do not accept paper applications. Please note that application fees are non-refundable.
All applicants must have a combined household income of 3 times the rental amount per month.
Applicants cannot have any evictions or any landlord collections within the last 5 years on their record.
Applicants cannot have any outstanding utility bill balances. If you have outstanding utility bill balances on your screening report, you must provide proof that the utility balance has been paid before your application can be approved.
Credit scores above a 620 require a single security deposit or SDI, and credit scores 619 or lower require a double security deposit or SDI. Palm Island Realty Property Management is proud to announce that we have partnered with Rhino to facilitate the collection of all security deposits. If an applicant does not qualify for Rhino SDI (security deposit insurance) or chooses to opt out of enrolling for Rhino SDI, the applicant must submit their cash security deposit to Rhino for processing. For more information on Rhino, click the link below or visit sayrhino.com.
Applicants will be required to pay a $300 non-refundable pet fee for all pets residing in the home. Unless specifically stated otherwise, all rental properties allow a maximum of two pets. No aggressive breed dogs are allowed.
An administrative fee of $150 to sign a new lease is required, which is due upon move-in.
A $350 non-refundable cleaning fee is required, which is due upon move-in. This cleaning fee will be credited to the tenants account, to be applied to cleaning services at the time that the tenant moves out of the property.
A monthly asset protection fee of $17 is required, due on the first of every month, payable by the tenant.
All tenants are required to carry and maintain renter's insurance. Proof of an active renter's insurance policy with atleast $100,000 in personal liability coverage must be provided in order to receive your keys on your scheduled move-in date.
If a lease is executed on or after the 22nd of the month, Tenants must pay the pro-rated rent for the current month, as well as the full month's rent for the upcoming month, prior to move-in.
Palm island Realty will only hold a property for a maximum of two weeks with a paid security deposit or SDI policy. If applicants fail to enter into a rental agreement, fail to pay all fees at the time of their scheduled move-in, or fail to take possession of the home, the security deposit shall be forfeited to the property owner.

APPLICATION PROCESS

Please be sure to schedule a viewing of the property you are interested in applying for in person before you submit your application. We are unable to process your application if you have not first viewed the property in person.

Select your rental unit
Complete the application on the designated form
Upload all required documentation. All applicants must include the last 4 weeks of paycheck stubs and a copy of their drivers license with their online application as well as correct employment information and landlord information. (Failure to comply with adding all required documents and information will result in automatic denial of the application) If applying with a pet, a photo of each animal must be included with your online application. Applicants are required to include their vehicle information and information on all dependents who will be residing in the home at the time that they apply.
Pay your non-refundable credit/screening fee of $75.00 per adult. All adults over the age of 18 who will be residing in the house must apply separately.
Be prepared to wait up to 72 hours for the information on your application to be verified.
Once you are approved, you will have 48 hours to either pay your security deposit, or be approved for Rhino security deposit insurance. Palm Island Realty Property Management is proud to announce that we have partnered with Rhino to facilitate the collection of all security deposits. If an applicant does not qualify for Rhino SDI (security deposit insurance) or chooses to opt out of enrolling for Rhino SDI, the applicant must submit their cash security deposit to Rhino for processing. For more information on Rhino, click the link below or visit sayrhino.com.

Say Rhino