As you know, the rental market is very competitive in San Francisco. We aim to make the process as fair and quick as possible.
Here are steps you can take to make the screening process go more smoothly.
- Submit your online application via our web site. Please upload any supporting documents such as pay stubs. If you are self-employed, please upload your tax returns for the last two years, so that we can confirm your income. If your income is not three times the monthly rent, but you have enough savings to cover the rent for the term of the lease, please upload a bank statement showing this. You may black out any information you do not want us to see.
- To increase your chances of getting the apartment, you may submit a $1,000.00 deposit with your application. We can accept deposits via cash, check, credit card or PayPal. This will reserve the apartment for you pending the owner’s approval of your application. Should you choose this option, you will receive a Holding Deposit Agreement, which outlines the basic terms of the lease. The deposit will be fully returned to you if your application is not approved. Within 24 hours of acceptance, you must deposit the remainder of the security deposit. This deposit holds the apartment for you for up to 30 days. Should you back out for any reason, the deposit is kept by the owner to reimburse them for lost marketing time.
- If you do not submit the reserve deposit, we will process applications on a first-come, first-served basis. Once an application is approved by the owner, we will offer the apartment to the applicant. However, the applicant must reserve the apartment by submitting a holding deposit. We will continue to process applications and offer the apartment to other applicants until we receive a holding deposit.
- When looking for qualified applicants, we look at many factors (i.e. income, credit score , etc.) With regards to income, we are looking for applicants whose total income totals at least three times the monthly rent. If you do not meet this requirement, please be prepared to show bank and/or stock statements showing enough savings to make up the difference. If you do not have this, you will need a co-signor. Please see our co-signor requirements below.
- We do our best to get applicants approved as quickly as possible. However, this depends on your landlord and employment references getting back to us quickly. To help the process, it is often helpful for the applicant to alert their references that Lingsch Realty will be contacting them and that they should return our calls as soon as possible
- If there is something about the apartment that you do not like, please let us know. Not only do we appreciate the feedback, but most of our owners are very accommodating and may be willing to fix the issue, or offer you a rent concession for the deficiency.
Co-signer Requirements:
- Submit a complete application with all spaces filled out.
- Submit a credit report with your application. It must have a credit score. If you do not have one, we can run one for you. The cost for a credit report is $15.00.
- Co-signer must be able to show savings or stock statements reflecting the total lease amount.
- The co-signer must reside in California.