What is Mynd’s rental application process?

Each person 18 years or older is required to apply. We do a thorough credit, income, and rental history check. Subject to applicable law, a background check that includes criminal history may be conducted. We require the applicant make 2.5x the monthly rent and there is no history of rental debt on their credit. We also have credit thresholds that the applicant has to fall within to qualify for the home. In some instances, we require an additional deposit to lease the property if the applicant has a marginal Resident Score (a combination of the above criteria). We collect a hold fee once approved and this takes the home off the market. If the applicant cancels and the cancellation is not due to the home condition or ready date being adjusted, we take a daily prorated amount out of the applicant's hold fee.