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Lake Michigan Property Management

Lake Michigan Property Management
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Rental screening criteria.

We apply consistent, transparent standards to every application. Please review the criteria that matches the property you’re applying for.

  1. Credit score must be at least 650.
  2. Monthly income must be at least two and a half times the monthly rent amount.
  3. No bankruptcies within the past 5 years.
  4. No more than 1 accounts in collection.
  5. No more than $500 past due debt (medical bills and student loans disregarded).
  6. No evictions or landlord judgements within the past 10 years.
  7. No outstanding utility collections or unpaid utility bills.
  8. Felonies on a case by case basis.
  9. All of our properties require Renters insurance ($100,000 liability) for each tenant.
  1. Credit score must be at least 600.
  2. Monthly income must be at least two and a half times the monthly rent amount.
  3. No bankruptcies within the past 3 years.
  4. No more than 3 accounts in collection.
  5. No more than $1000 past due debt (medical bills and student loans disregarded).
  6. No evictions or landlord judgements within the past 10 years.
  7. No outstanding utility collections or unpaid utility bills.
  8. Felonies on a case by case basis.
  9. All of our properties require Renters insurance ($100,000 liability) for each tenant.
  1. Credit score must be at least 550.
  2. Monthly income must be at least three times the monthly rent amount.
  3. No bankruptcies within the past 2 years.
  4. No more than 4 accounts in collection.
  5. No more than $1500 past due debt (medical bills and student loans disregarded).
  6. No evictions or landlord judgements within the past 5 years.
  7. No outstanding utility collections or unpaid utility bills.
  8. Felonies on a case by case basis.
  9. All of our properties require Renters insurance ($100,000 liability) for each tenant.
  1. For applicants using a Section 8 housing voucher, the combined gross income must meet or exceed three times their rent portion as outlined by the voucher program. The applicant must coordinate with their voucher program to provide a rent determination based on the property they’re applying for.
  2. No bankruptcies within the past year.
  3. No more than 5 accounts in collection.
  4. No more than $2500 past due debt (medical bills and student loans disregarded).
  5. No evictions or landlord judgements within the past 3 years.
  6. No outstanding utility collections or unpaid utility bills.
  7. Credit score must be at least 500.
  8. Felonies on a case by case basis.
  9. All of our properties require Renters insurance ($100,000 liability) for each tenant.
  1. Credit score must be at least 700.
  2. No more than one item in collection.
  3. No more than $500 past due debt (medical bills and student loans disregarded).
  4. No bankruptcies within the past 7 years.
  5. Monthly income must be at least 4 times the monthly rent amount.
  6. No outstanding utility collections or unpaid utility bills.

Questions about the criteria? Reach our team at info@lmpmc.com or call (616) 741-0040.

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