Do you offer second chance leasing for people with poor credit or residential history?
We understand that not everyone has perfect credit or residential history. Therefore, Coldwell Banker Property Management happily offers Second Chance Leasing to tenants who may be approved for leasing by paying additional fees that help offset the monetary risk for the owner of the home. In addition to 1st months rent, admin fees, pet fees (where applicable), and security deposits, the tenant may pay the following risk mitigation fees:
- $250 Risk Mitigation Fee – If your debt in collections is $750-$1499, you will be required to pay the $250 risk mitigation fee upfront.
- $500 Risk Mitigation Fee – If your debt in collections is $1500 or above, a $500 risk mitigation fee is required upfront.
- Prior Eviction Fee – If you have had a prior eviction within the last 3 years of applying with CBRPM, you will be required to pay a $1500 risk mitigation fee. This fee must be paid out within 2 months from the date of application.