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PLH & Associates, LLC
990 Janesville Street, Unit 5
Oregon, WI 53575
Phone: (608) 206-7596
Fax: (425) 988-8996
Email: Information
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Download Residency Application
Thank you for considering a PLH & Associates, LLC apartment for your new home. We strive to make your housing decision as easy and comfortable as possible, so if you have questions or comments about your property tour, please ask. We would be anxious to address any concerns you may have. To assist you in your upcoming transition, we would like to explain our application checking procedures, as well as our acceptance criteria.
Your application will be processed ASAP. Please be sure to fill out the application completely, as this will aid us in processing it quickly and accurately. Once we receive your application, we will verify the listed information in the following manner:
- Income Source – We will contact your current employer, (if applicable), to verify your length of employment as well as the income amount listed. If there is no employer we will ask you for written documentation of your income.
- Housing Reference – We will contact your previous housing providers. A minimum of a 2-year history is required. We will verify your payment history and determine if any other problems were encountered during your residency.
- Credit Reference – We will obtain your credit history via Credit Bureau.
Once we have obtained these references, we will evaluate the data through our acceptance criteria as follows:
- Income Source – Income must be derived from a lawful source and equal to no less than 3 times the rental rate of the rental rate of the apartment applied for (33% rent to income ratio). Please note – exceptions can be made for rent income ratios of up to 50% in some circumstances. Please see below.
- Housing Reference – Rented for a period of not less than 2 years, all payments should be made in a timely manner, no noise complaints or problems, proper notice given and a willingness to renew on your landlord’s part would all constitute a good housing reference.
If both the income and housing references meet these criteria, we will check your credit file for problems with address, verification and/or real estate purchase or rental accounts only. If there are neither, your application will be accepted at this point.
Otherwise:
If your income equals 34-50% rent to income ratio, and/or your housing reference(s) are overall positive, we will then use your credit file in its entirety as the deciding factor for your application. We will use Trans Union’s Empirica Score. The minimum acceptance score is 565. Any application with a score lower than 565 will be denied.
If all references are acceptable, with the exception of one of the following, you will be offered the opportunity to have a co-signer for your lease.
- No previous housing reference, or,
- Extraneous circumstances, where a third party would be heavily subsidizing rental payments in lieu of an acceptable rent to income ratio.
Our criteria have been designed to be as fair and reasonable as possible with an eye toward obtaining information that is most relevant to your potential residency. Because of Fair Housing Laws, however, we are unable to make exceptions to these policies. If you have any questions or comments, please feel free to meet with a member of our staff. We look forward to the opportunity to help.
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For more information, please contact Paul Lynch Jr. at 608-206-7596.
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