Why was my rental application denied?

[Patsnation34]

I’ve also always understood you put gross income. Putting you’re net income is slashing your potential rent amount by probably close to 30%.

Sounds like you may have to wait it out, as you are on another lease.

[LurkingMonkey]

I have asked about providing them with my own renters insurance instead of going through with the one they choose. Decided to just pull through with them for the apartment, even though I didn't want to, but a roof over your head is better than no roof. Just waiting on approval.

Originally Posted by Lacerta

It isn't unusual for a landlord to require that the tenant have renter's insurance. But $70 a month is crazy. If you do get approved, and decide you do want to rent from them, you should ask whether you can provide proof of your own renter's insurance instead, because you can get it for a fraction that price. $10-15 per month is not hard to find and I've seen it even cheaper than that.

[Rocko20]

Originally Posted by LurkingMonkey

I'm not understanding why my application was denied. I make 3x times the rental income, have no criminal record, have average-good credit, I don't have any pets nor do I smoke. I was honest when I filled my application.

Average-good credit isn't good enough if the place is in high demand. You need excellent credit in today's renter market.

And if you make 3x the rental income, there is no reason you can't use that money to pay off some debt and increase your credit score.

[RoamingTX]

Originally Posted by LurkingMonkey

I have asked about providing them with my own renters insurance instead of going through with the one they choose. Decided to just pull through with them for the apartment, even though I didn't want to, but a roof over your head is better than no roof. Just waiting on approval.

In just about every state, requiring a specific insurer is not legal.