JRealty Property Management

To: All Stakeholders
Subject: JRealty Leasing Opinion and Recommendation

Dear Stakeholder,

JRealty gathers Prospective Tenant (PT) information and formulates an Opinion which is shared with the Landlord (L). Much like a bank, JRealty’s Opinion relates to the ability of the PT to complete the terms of their contract which includes, but is not limited to, the PT’s ability to pay the rent in full and on time for the duration of the term.

#1  JRealty is an Equal Housing Opportunity

JRealty DOES NOT discriminate on any of the following:

• Race (including hair texture and style)
• Color
• Ancestry
• Religion
• Sex
• Gender
• Sexual Harassment
• Sexual Orientation
• Gender Identity
• Gender Expression
• National Origin
• Source of Income
• Marital Status
• Familial Status (children under 18, pregnant, or legal custodian)
• Disability (mental and/or physical)
• Medical Condition
• Military or Veteran
• Genetic Information
• Primary Language*
• Immigration Status*
• Age (if over 18)*
• Citizenship*

*Covered under the Unruh Civil Rights Act, which applies to most housing accommodations in California

Please do not submit a personal letter, a picture of yourself, your family, or your roommates as we explicitly do not take into any consideration any of the attributes listed above.

We use the following criteria to formulate recommendations on all PTs.

You can learn more here:
Fair Housing Act
Fair Housing Rights and Obligations
California Fair Housing Regulations
Fair Housing and Source of Income

#2  Rent to Income Ratio

JRealty DOES NOT discriminate on Source of Income. We accept all federal, state, and local government housing subsidy programs.

We like to see a rent to income ratio of less than 32%. It is calculated by [Monthly Rent / Before Tax Monthly Income]. For the income to count, it must pass #3. Income verification, such as pay stubs or 1099 statements, will be requested.

Rent to Income (of your gross income)	Rent < 32%	0
	Rent >= 32%	10

#3  Credit Score

If an applicant is participating in a federal, state, or local government housing subsidy program, JRealty gives the applicant a chance to present verifiable and lawful evidence that they can cover their portion of the rent. If we receive such evidence, we consider this information instead of the applicant’s credit history.

The credit score must be tied to the same person who has the income. Please see how to read your credit report document and interactive experience.

FICO Score	> 650	0
	<= 650	10

#4  Manager Discretion

JRealty reserves the right to exercise “Management Discretion” within the process of pre-screening/showing/leasing units. If a potential tenant otherwise meets the admission criteria but we are not comfortable leasing to PT due to dialog that we feel PT might not be happy with the unit, or communication that is uncomfortable, confrontational, rude, threatening, or otherwise inappropriate, we may use the Management Discretion as the sole basis for recommending rejection.

Manager discretion

0 to 10

Q&A Screening and Showing

1. Q: How much does it cost to apply? A: The non-refundable application fee is $50, and you will get a copy of your Credit Report and Criminal Report from Transunion. You will be prompted to pay via credit or debit card on the screen following the application questions. We do not accept cash; however, you can pay with a cashier’s check or money order.
2. Q: Can I supply my own credit report? A: Sorry, but we want to verify the authenticity by pulling our own report. We also want to make sure all applicants are measured on the same criteria. We do not accept ‘Reusable tenant screening reports”, however, you can reuse a report that JRealty pulls for up to 30 days
3. Q: How much is the security deposit? A: The security deposit is equal to one month's rent.
4. Q: I have the credit and someone else has the income. Can we apply together? A: Sorry, but in order for income to count the individual must pass the JRealty Credit Test. We would likely require two applications in this case, one application from each Tenant.
5. Q: How long does it take to process an application? A: It normally takes 3 to 5 business days to process your application. Delays are possible due to many factors.
6. Q: Are applications considered in the order received? A: Yes, all completed applications will be considered in the order received.