Do you like this house?
Here is our step by step application process
- Schedule a showing and take a look at your new home – 505-604-8291 ext 102 – we do not rent site unseen
- Bring income verification to the showing -2 most recent pay stubs, offer letter, retirement funds etc. You can also email it to Laura@my505home.com
- For most of our properties 2.5x of monthly rent is the required qualifying income. Unemployment will not be accepted as income.
- Go online and complete the application –www.rent505.com – application fee $35/adult – non refundable
- Call Laura -505-604-8291 ext 107 -to run your application and background check- criminal, credit and rental history check.
This can come back 3 ways- accept, conditional accept, or decline.
We have 4 straight declines – any evictions in the past 7 years, any money owed to any prior landlord (with no time limit), any violent felonies, and registered sex offenders.
With a conditional accept, we require last month’s rent.
- Complete the Pet Screening on www.rent505.com – no pets – free; service animals and emotional support animals– free; and household pets – $25 for the first pet and $20/pet for any additional pets.
- We are receiving and processing all applications up until we have a fully approved application (all above items are completed and applicant has the best application).
Usual questions we will have to clarify before signing the lease- Desired move in date, duration of the lease, residents, pets etc.
- We will be sending out your lease via Docusign for review and signatures.
- Upon signing your lease, the security deposit will be due immediately. – Cashier’s check, money order or rent money.
- We prorate the rent from your desired move in date to the end of the month. If you are moving in after the 20th of the month, at your move in, we will be collecting the following month’s rent.
The amount collected at your move in will also have to be a cashier’s check, money order or rent money.
- Please don’t forget to put all required utilities into your name. For you to be able to receive key, you will need to provide utility confirmation numbers.
- During your application process, you will be receiving multiple emails from Absolute Property Management, including important information regarding your lease. Please read all documents and don’t hesitate to contact us with any questions.
- Please make sure you – Log In – to your tenant portal, for easier rent payment and communication.
Welcome to Absolute Property Management!
661 Quantum Rd NE, Ste 11, Rio Rancho NM 87124