Understanding Common Questions for Second Chance Apartments in Texas
What Are Second Chance Apartments?
Second chance apartments are rental properties that are more lenient with applicants who have a less-than-perfect rental history. They are available throughout Texas in the cities we service that include Austin, Dalls, Fort Worth, Houston, San Antonio and everything in-between. These properties may accept individuals with previous evictions, broken leases, property debt, low credit, no credit or even individuals with criminal backgrounds so please complete this short form so we can discuss your unique situation and the best step forward to secure housing for yourself and your family.
How Do I Qualify for a Second Chance Apartment?
Qualifying often involves meeting specific criteria such as proof of income, reviewing credit, a reasonable explanation for past rental issues, and sometimes a higher security deposit or deposit alternative. Requirements may vary by property.
Can I Get Approved Quickly?
Typically, you can expect a decision within 24 to 72 hours, depending on how swiftly you provide necessary documentation and the responsiveness of the property management BUT….we recommend our that if you decide to tour a property, you’ll need to make sure you:
- Bring your ID and arrive on-time
- Be curteous and professional in attitude and appearance
- Follow the requirements to take advantage of the “Apartment Locator Rebate Program” by letting the leasing agent know you are working with an apartment locator.
- Additionally, you’ll want to ensure you have your W2/Income paystubs going back up to 4-6 weeks
- Copy of your social security card should the community require it if you are approved.
Will My Past Eviction Prevent Me from Renting?
Not necessarily. Many second chance apartments understand that circumstances change and people’s mistakes don’t necessarily dictate their future. They evaluate on a case-by-case basis, looking at factors like time since the eviction and overall financial status that includes your credit and income profile.
How Does Credit Affect My Application?
While a poor credit score can be a hurdle, second chance apartments may weigh other factors more heavily, such as current income stability and rental references.
What About Criminal Records?
This depends on the nature and severity of the offense. Some properties might overlook minor misdemeanors, but more serious charges could pose a challenge.
Are Second Chance Apartments More Expensive?
They can be. Higher deposits might be required due to perceived risk but thankfully there are also deposit alternatives that may provide an options if you don’t want to pay the higher deposit upfront at move-in. Keep in mind, the goal is to get you into an apartment based on your budget, location preferences and requested amenities.
Do I Need a Co-Signer or Guarantor?
A co-signer or guarantor might be necessary if your income doesn’t meet the property’s standards. This person agrees to take responsibility if you cannot meet financial obligations which is oftentimes why the community may require the co-signor to make 3x the monthly rent and 5x for a guarantor.
What Should I Expect During the Application Process?
Be prepared to provide detailed information about your employment, income, rental history, and any explanation for past issues. The process is similar to traditional apartment and home rentals but with a focus on transparency and making sure you meet the apartment community’s rental criteria.
For further assistance or questions, feel free to reach out to one of our apartment experts. They’ll provide guidance tailored to Texas residents and help navigate the challenges of finding a suitable apartment regardless of your credit, income or background issues that you think may prevent you from getting approved for a new place.