Thank you for your interest in renting a Victory managed rental home. This page is provided to help answer general questions regarding the application process and expected qualifications to lease one of our great homes
Victory is committed to compliance with all federal, state, and local fair housing laws. Victory will not discriminate against any person because of race, color, religion, national origin, sex, familial status, disability, or any other specific classes protected by applicable laws
To begin, bear in mind that we manage a very wide range of homes, for an equally wide range of individual owners. We won’t own the home you’re applying for, and are not the final say on whether an application is accepted so long as the owner honors fair housing laws. We are very much a middle man whose job it is to bring tenants and owners together hopefully in mutual satisfaction. For these reasons our rental qualifications will vary dramatically depending mostly on the type of property, and somewhat according to owner expectations
This page is meant to give some guidelines and general ideas on how we advise our rental homeowners
Our showing and application processes are both relatively simple, but highly digital. If technology is not your thing, we will accommodate as best we can but please be aware that this process is naturally slow compared to the streamlined speed of digital scheduling and application, and this will put you at an unavoidable disadvantage.
We rarely hold a home that’s currently vacant for more than 45 days till move in. If not available, the timer begins once it is. In hot markets (often early spring and mid-summer) that timer will usually fall to 30 days or even less of late
We strongly discourage but do not prohibit renting a home without viewing. We will however, include a disclaimer in the lease that waives nearly all rights to hold us accountable for minor aesthetic issues. Almost no landlord keeps their home in excellent condition, especially as rents decrease. It’s simply not cost-effective and most renters would not want to pay the premiums required to guarantee this standard. It’s surprising that many of the unseen renters prove to be the most unreasonable in their expectations. This is a bad idea and we would rather not go this route. We will prioritize applications that have viewed the home, unfortunately. While not as bad of an idea, we prefer not to receive applications prior to viewing as well. If you do, please hold payment until requested
The qualifications for a $500 a month 1 bedroom, will be very different from those for a $3000 a month 4 bedroom as you might imagine
One common method we use to motivate owners to accept someone with less than stellar credit is to collect the last months rent. This is not always available but has been helpful for many owners and tenants. In some situations, especially where there is little steady income but a large account balance, we sometimes collect the last two months rent. This dramatically lowers the risk for the owner, and is also a great approach when someone has the ability since you may get a prized home, and your next move will be much easier since you won’t have to pay the last month
While exceptions can exist, the rental rate should not exceed 40% of your income. So if you make $1,000 a month, your rent shouldn’t exceed $400. 30% or lower is considered an easy pass for income
We advise owners that medical collections rarely indicate high risk of non-payment for rent. We encourage owners to apply minimal to no weight when these issues arise
Largely due to their strict repayment requirements, education loans must be considered, however we encourage owners to weigh these issues lightly when considering the risk of acceptance. Having a high level of additional debt increases the risk
We begin our assessment with the credit score, but consider other factors, many of which are noted here. A credit score over 750 will warrant acceptance in most cases
Past evictions are almost a guarantee of non-acceptance. Our records only go back 10 years though so if you were evicted long ago it won’t apply. If there is some legal documentation you feel may warrant reconsideration we’ll take a look
Unpaid utilities are heavily weighted and will typically result in being declined, especially for higher-end homes. Habitual late payments for utilities are also considered to be a sign of higher risk
Owners are often more strict on requirements in the early weeks, but sometimes loosen their requirements with time. We strongly discourage this but it does occur as the pain of a vacant home sets in
The faster you move in plays a large role. If we have two applications of equal quality, we will take the faster move. A much faster move can even elevate a slightly riskier application over another. When applying you should list your preferred start date, but note if you could move sooner
We do not use a timed priority. So an application received today will not receive priority over one received tomorrow. For very competitive homes this may be unavoidable to some degree. If we receive more than 4 applications on a home we will typically stop processing new ones for a time. If we have accepted an application, we will give at least 24 hours to pay before processing new applications. We will receive them though. If you know your application is a backup, you should avoid paying until contacted
During hot markets and with competitive homes the rental market can seem like the wild west. Customers often fly into a rage with us when a home they just viewed goes under contract, however 
this is a function of the market not our policies. It’s not unusual for us to receive 4 applications in a few hours, often right after the home hits the market, and scheduled viewings never get a chance to go inside. This inevitably leaves many unhappy, but please bear with us as there is no alternative. Competition is often frustrating, but it is inevitable. Many accuse us of being lax with communication, but that is rarely the case. More often we are processing so many requests, showings, applications, and payments that there is simply no reasonable way to stay in close contact with all potential leads. Furthermore, a large number of leads are not very serious, so we sometimes find it hard not to focus on what is right in front of us at that moment. We feel it’s unfair to blame us when these issues occur with very competitive rentals and very much appreciate those who are understanding
The application process usually moves more quickly for those with great credit and income. Processing is simply fundamentally simpler in those instances. When risks and red flags appear, we are required to inspect every aspect of the application more carefully
Sometimes owners intentionally delay a decision in hopes of receiving a better application. We strongly discourage this however being their home we are limited in our options. If you need a particularly quick response please note this in your application and we’ll set a 24-hour time limit for the owner to either accept, or we’ll decline and move on. Not ideal, but it is our only option against that strategy. This is also common if you aren’t moving quickly
We hope these ideas help to simplify what is an extremely complex issue given the wide range of homes and owners we have to deal with while processing an application. As noted these points are guidelines, but will vary. Thank you for your interest in renting with Victory!