Is there an application?
We do require an application from all prospective tenants. If your application is more than sixty (60) days old, you will need to resubmit your application to ensure all your information is up to date. (Note: The sixty day period begins on the date of the initial submission of the application)
Is there an application fee?
There is a $25 per person application fee. This fee is payable via PayPal, or in person at our office during business hours. The application fee is collected to complete the background check. The application fee is non-refundable.
Do you do background and credit checks? There is something in my history that I am concerned about.
We look at the full picture when reviewing our applicants. Please let us know if there is any additional information you would like us to have prior to submitting your application and application fee. The application fee is non-refundable. We will try to work with you as much as possible!
What do I need in order to be approved?
All applicants must provide the following information:
- Application fee
- Current photo identification
- Monthly household income should exceed three times the rent
- Positive references from all previous landlords for the previous five years
- No evictions or unpaid judgments from previous landlords
- Background check for all individuals over age 18
- Copies of your three most recent pay stubs
- Demonstrate financial responsibility
Do you accept Section 8?
We do not accept Section 8 at this time. However, we are always expanding our availability. Stay up to date on our Facebook Page and contact us to see how we can make one of our vacancies work for you!
How can I schedule a viewing?
Before schedueling a viewing the following must be completed:
- Approved application, with application fee
- Pay stubs and photo ID verification
I am interested in a renovation property, how does that work?
For our renovation properties, we begin advertising as soon as we purchase the property. We begin accepting deposits on the units as soon as construction begins. These units are very popular and rent quickly! Be sure to follow our Facebook page for information on our new projects.
Can I view the renovation property before making the deposit?
Absolutely! Once your application is complete we can schedule your viewing of the unfinished unit.
Contract For Deed
What is Contract for Deed? How does the process work?
Contract for Deed (CFD) is just like buying a house, except it is privately financed through us! If you’re interested, you will undergo our application process. Once approved, we will set up an appointment for you to discuss financing options.
Do you require a down payment?
Yes, we require down payments from all tenants who wish to rent a Wellco property. Down payments are typically equal to one month’s rent.
How much are monthly payments? Are property taxes and insurance included?
The total monthly payment amount is determined during your financing appointment. The payment will be a combination of rent, taxes, and insurance.