Generally, having a prior eviction is not a good thing for obtaining a rental approval. There are two main factors our underwriters review, as part of their entire review of the application, to determine how relevant a prior eviction is to the overall approval.
1. Time since the eviction
We prefer a period of five (5) years since any eviction. We will review mitigating circumstances associated with the eviction but any eviction less than five (5) years old is difficult to work with. The time factor can be significantly offset though by the next factor.
2. Has rental history been re-established?
What type of referral are we able to receive? Rental history from family and friends is not as powerful as that received from a professional management company or apartment complex. Of course, a clean, trouble free reference will go a long way toward providing added comfort to any previous evictions.