7 Steps to Qualify for a Rental Home - Waypoint Homes

7 Steps to Qualify for a Rental Home

7 Steps to Qualify for a Rental Home

As competition for high-quality single-family rental homes heats up, being prepared before you find the perfect home can put you ahead of the race. Here are some things you can do to build an attractive rental resume and qualify for a rental home.

1. Provide proof of income.

A property owner wants the security of knowing the residents of the home have enough income each month to cover the rent. This is usually based on the combined, total income for everyone on the lease. Many companies and owners have a minimum income requirement. Waypoint Homes requires a total income of three times the monthly rent.

2. Clear Credit Report.

Most property owners will require a credit check. One of the best ways to boost your chances for approval is to have a clean credit history for at least the past two years. If your credit is being improved, you may still be able to qualify for a lease with a co-signer. At Waypoint Homes, a recent eviction will often result in a denial.

3. Criminal Background Check.

A background check free from felonies is required to qualify for a Waypoint property, as well as most other rental properties.

4. Identification.

Waypoint Homes requires a copy of a valid driver’s license or government-issued ID for all residents of the home, as do most other rental companies. This is required to prevent fraud, protect personal information, and ensure the safety of the residents. After working hard to get a good credit score and maintaining a clear criminal background, the last thing anyone wants is to have someone else using their information, and possibly damaging their credit reputation.

5. Clearly state occupants who will be living in the home.

A property owner will want to know everyone who is living in the home. The owner may be able to evict for unauthorized tenants or start charging additional rent for the extra tenant. It is better to avoid any unnecessary issues and be up front about who will be living in the home. To ensure the health and safety of our residents, Waypoint Homes follows the recommended ratio of no more than 2 occupants per bedroom.

6. Pets and Breed Restrictions.

Waypoint Homes and many other property owners are accepting specific four-legged roommates. There are now breed restrictions which include Dobermans, Chows, Pitbulls and any combinations of the aforementioned. Most property owners will require a pet deposit or non-refundable pet fee, as well as a small, monthly pet rent. For Waypoint’s furry residents, a $250 non-refundable pet fee and $20 per month pet rent is charged in most states.

7. Deposits and Fees.

Many companies and homeowners have assorted fees such as application fees, pet fees, cleaning deposits in addition to the security deposit. The fees and deposits required can vary based on your state’s requirements. Always be prepared to pay for deposits and fees prior to the move-in date. Waypoint Homes has a non-refundable application fee of $45 per applicant, and a minimum security deposit equal to one month’s rent. Security deposits may vary based on the state. Contact your local property manager to learn more about the deposits and fees in your area.


While searching for a single-family rental home, it is important to be prepared for when you find the perfect home. Have all required documentation, proof of funds, and a clear background check to maximize your chances of approval. Rental requirements can vary based on the laws of the state. If you have any questions about a company’s requirements or fees, check their website or call the property management office for more information.

For more information on leasing with Waypoint Homes, visit waypointhomes.com.

46 comments on “7 Steps to Qualify for a Rental Home”

  1. Lily Simpkins

    Hello, I have been evicted from 2 previous communities. The last one was in 2008. I have the salary requirement, but my credit is terrible. I recently good married and my husband has employed a the same company for 15 years, has good credit, no evictions. Will that prevent us from renting from Waypoint?

    Thanks!

    Reply
    • waypointhomes

      Hi Lily,

      We do look at past rental history, however we cannot guarantee an approval or denial until you apply and your information is processed through our screening team.

      Thank you,
      Waypoint Homes

      Reply
  2. Ebony McCall

    Do you accept section 8 for your home in Cornelius NC?? Im relocating and i will be in Charlotte july 31st to look at homes please contact me by email with an aswer.

    Reply
  3. Serenity Cantu

    Hello,
    I was reading the requirements and it says no felonies.. A while back I was charged with a felony BUT it was convicted as a misdemeanor class A. What if it shows up as a felony but I can provide paper work that shows that its indeed a misdemeanor? May I still try to proceed with looking into one of your homes?

    Reply
    • waypointhomes

      Hi Serenity,

      Unfortunately, we are unable to guarantee any approval until you go through the screening process.

      Thank you,
      Waypoint Homes

      Reply
  4. waypointhomes

    Hi Joshua,

    Unfortunately, we are unable to guarantee approval or give you a final answer until you apply. We would be happy to get you in contact with the Leasing team to further address your question. If you are interested, please email us your full name, inquiry and the Waypoint property address you’re interested in to [email protected].

    Thank you,
    Waypoint Homes

    Reply
  5. Patrick Freeze

    Thank you for sharing this great information about how to qualify for a rental home. It is important that tenants understand what can harm their chances, and ultimately what can better their chances, of getting approval for a rental. I would love to add that property owners can take something away from your article. In fact, by employing a property manager to help you with managing your rental homes, you can place high quality tenants in your investment that are likely to care for your property, pay their rent on time, and even sign a lease renewal at the end of the lease term. Having the help of a property manager when it comes to tenant screening will ensure that the tenants that apply to lease your rental are qualified. Thanks again for sharing! This information is great for all people in the rental property industry.

    Reply
    • waypointhomes

      Hi Patrick,

      We’re happy to hear that you enjoyed this content. Thank you for sharing your feedback!

      Best,
      Waypoint Homes

      Reply
  6. Katrina P`

    Do you allow co-signers that will not reside in the residence? Unfortunately, I have the income but not the credit score to qualify to rent. If I had a friend co-sign would that be accepted?

    Reply
    • waypointhomes

      Hi Katrina,

      Yes, we do allow co-signers that are not living in the residence. However, we only allow co-signers when income requirements are not met. If you have the income, you will probably not be approved for a co-signer. If you have any additional questions, feel free to give us a call at (855) 224-5484.

      Thank you!
      Waypoint Homes

      Reply
  7. Paul Lucia

    In the pet restrictions sections it does not specify about shepards. What is the policy on this breed of dog

    Reply
    • waypointhomes

      Hi Paul,

      Current breed restrictions include Doberman, Rottweiler, Chow, Pit Bull or any combination of these breeds. We do allow Shepherds as long as they are not mixed with any of the aforementioned breeds.

      Thank you,
      Waypoint Homes

      Reply
  8. Lynn

    If i recently filed a bankruptcy but it is now closed can I qualify for a waypoint rental?

    Reply
    • waypointhomes

      Hi Lynn,

      The bankruptcy would have to be closed for 60 days before you would be able to qualify.

      Thank you,
      Waypoint Homes

      Reply
  9. Rafael Navedo

    Im interested in the house located 111 royal ridge, davenport, fl

    Reply
  10. Nytara L Alexander

    Do you except section 8 for your palmdale or Lancaster can properties?

    Reply
    • waypointhomes

      Hi Nytara!

      Please feel free to reach out to us at 855 224 5484 and one of our agents would be happy to go over this information with you!

      Thank you,
      Waypoint Homes

      Reply
  11. Mya

    Hello i was wondering if Waypoint homes accept section in California?

    Reply
    • waypointhomes

      Hi, Mya!

      Each home differs in their specific state policy so we would have to direct you to the local office so they may assist with this specific question. Is there a home you’d like us to look into? We can certainly direct you to the appropriate leasing consultant.

      Thank you,
      Waypoint Homes

      Reply
  12. Amy Cyr

    Hello,

    I was wondering if I was interested in filing an application for a property in Riverside, ca. Do I have to fill out one application for each property, or do you hold my application on file to be considered for a different property?

    Reply
    • waypointhomes

      Hello, Amy!

      Potential residents fill out an application per each home they apply for 🙂 So if there is another home you are interested in, you would complete a separate application.

      Hope this helps!

      Thank you,
      Waypoint Homes.

      Reply
  13. Harrison Hepner

    If I have pitbull that is listed as a service animal and I’m looking to rent a place soon.. would there be an exception on the dog policy??

    Reply
    • waypointhomes

      Hi, Harrison!

      Service dogs are definitely not affected by the breed restrictions 🙂 Feel free to inform your leasing agent through the process of your application! They should be able to answer any additional questions regarding lease agreements.

      Thank you,
      Waypoint Homes.

      Reply
  14. Ann

    I wanted to know if Way Point Homes take section 8 in Illinois?

    Reply
    • waypointhomes

      Hi Ann!

      Thanks for your inquiry– As guidelines tend to differ per state requirements, we recommend reaching out to the specific leasing consultant so they may review any questions you have. Is there a particular home you are interested in? We’d be happy to get you in contact!

      Thank you,
      Waypoint Homes

      Reply
  15. Tiffany Vann

    Hello,
    Am interested in a home in 754 Sharron Drive in Romeoville, ill and I wanted to know if section 8 was available for this home.

    Thank you

    Reply
  16. Amber

    I have to say I am very disappointed in your new pet policy change. I have been looking at Waypoint homes for awhile now for our move because we have a beautiful pit bull and you previously had no pet restrictions. It was refreshing and uplifting to see a company that seemed to understand the pit community and that the stigma was untrue. And now you, like every other rental company, are discriminating against pit bulls. I am discouraged and confused at the sudden change. I just saw a Facebook post from one of your reps back in August that said there were no pet restrictions after allegations that you had changed your policy, yet now it appears that these policies have become true. Can you please explain why there was a change? We currently are living in an apartment and have had absolutely no issues or complaints with our dog. It is sad that companies have to punish good owners, renters, and dogs, when all we want is a place to call home with our pets. Thank you for your time.

    –amber

    Reply
    • waypointhomes

      Hello Amber!

      I sincerely apologize this change in policy has created this concern. At this time, there has been a policy change to restrict breeds. Should anything change in the future, we will provide additional information.

      Thank you,
      Waypoint Homes.

      Reply
    • Morgan Jackson

      What kinds of nonfurry animals are allowed? I used to rehab snakes and have been asked to take on several in the pay month but had to turn them away since I wasn’t able to contact anyone about the policies regarding reptiles. We already pay for my dog and know the procedure for him. The snakes would be in a wooden box enclosure with sliding glass doors that are always locked shut so there isn’t any risk of escapees or anything.

      Reply
      • waypointhomes

        Hi Morgan,

        I am so sorry for the late response. We unfortunately do not allow snakes in the homes as these are part of our restricted animals. Non-furry animals permitted include non-exotic caged birds and fish (limit of 3 with an appropriate cage for the number of birds). Fish tanks, however, must be under 20 gallons. I hope this helps!

        Thank you,
        Waypoint Homes.

        Reply
    • Morgan Jackson

      Amber,
      I’m a devoted pit bull advocate and have had several of my own. One of which I had with me when I moved to Colorado where there’s a nearly statewide pit bull ban. Good thing my vet was able to write me a letter about him being a boxer/lab mix, I had no idea when I rescued him. As for the new policy on breed restrictions.. unfortunately a majority of homeowners insurance agencies, renters insurance agencies and the HOA have these same breed restrictions and more. They will terminate their current coverage and sometimes black list you from receiving future coverage. Our waypoint rental is under the HOA as well as many others so this could be a big determining factor in the new policy. Unfortunately, large scale rental operations and their insurance companies just don’t have the time to meet every pet and owner to ensure responsible parenting and lessen concern on aggression. They also apparently, don’t have time to look into the fact that there’s a published study done every single year that list dog bite occurrences in order of highest to lowest per year, 5 years, decades, etc. Pit Bulls are among the lowest ranked on the list. Golden retrievers, toy breeds, labs and spaniels have the highest rate of incidents. However, Waypoint hands are still tied regardless due to they’re required coverage providers, HOA, and I previously forgot to mention that mortgage companies and financial insituations will pull funding immediately as well if they have the breed bans too. All that being said, I know it’s a LOTS to read, I’m sorry for that but I’m known for rambling. Any who, all that being said, we’ve had dozens of issues with Waypoint in general so I’m by no means taking sides. I just want you to know that I’ve been through your situation and took out my anger on my previous landlord. I later apologized once I realized that it was nothing personal towards the banned breeds at all. It’s what they had to do to ensure no loss of properties to lack of funding, insurance coverage, etc. I hope this makes you feel a bit better on some level. I know it is terrible to just know that a loved member of your family, your baby, isn’t welcome in your home and even discriminated against all because of the few careless, bad pet parents whom had these amazing dog breeds for all the wrong reasons and/or improperly trained them. Good Luck!

      Reply
  17. Tara white

    is there a list of homes for rent cant seem to find on website..

    Reply
    • waypointhomes

      Hi Tara,

      Are you looking at waypointhomes.com? If so, which area? We are happy to help!

      Thank you,
      Waypoint Homes.

      Reply
  18. Barbara S Stovall

    I am interested in moving in February and I want to find a rental now. How far advance does your company rent. What are your requirements? What things automatically disqualify you?

    Reply
    • waypointhomes

      Hi Barbara!

      Thanks so much for your interest. We have a blog posted with all this information 🙂 I have linked here for you! Take a look and browse.

      For a list of our available homes, please check out waypointhomes.com. Here, you’ll be able to narrow down your preferences to find something that suits you!

      Thank you!
      Waypoint Homes.

      http://blog.waypointhomes.com/rental-requirements/

      Reply
  19. N Eileen Kerr

    We would like to inquire about renting the home you have listed at 7540 Greenwood Blvd in Denver or 1369 w 134th st in Westminster There will be three adults and a 14 year male child living in the home. There is proof of income three times the monthly rent. Pay stubs and verification of income available.

    Reply
    • waypointhomes

      Hello Eileen!

      Thanks so much for your inquiry! I have sent this request over to the local Denver office so a leasing agent can reach out to review this information.

      I have removed your email in this response for your privacy.

      Thanks,
      Waypoint Homes

      Reply
  20. wallington pinnock

    I am looking for 3 bedroom house in snellvile ga

    Reply
  21. Tara Hampton

    I found a home I’m interested in and I have a combined income of way over 3 times the rent. I work which I have paystubs for and my other income is a family ranch that I get a percentage every month. I have bank statements for years to prove it. I had someone tell me me you won’t take bank statements. I don’t get stubs I just get the money deposited into my account. Can someone help me with this? I’m a great renter and I’m even a property manager myself.

    Reply
    • waypointhomes

      Hi Tara,

      Thanks so much for your interest! Which of our regions are you interested in renting from? We can get you in contact with the appropriate contact.

      Thank you!
      Waypoint Homes

      Reply
  22. Stephanie Adams

    Do you all accept section 8 on this home

    Reply
    • waypointhomes

      Hi Stephanie!

      Thanks for your inquiry. Did you have the address of the home you are interested in? We can direct you to a representative so they may assist!

      Let us know.

      Thank you,

      Waypoint Homes.

      Reply

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