Q. Is there a fee for applying for an apartment with K & R Management?
A. No, we are a no fee management company, not brokers.

Q. What does your company charge for?
A. There is a non-refundable credit check of $50 per applicant and per guarantor.

Q. How can I get an application?
A. When you go visit the apartment you will be given an application. You can also download the application from our website, fill it out with Microsoft Word or by hand, and fax it into us.

Q. What is a guarantor?
A. A guarantor is a family member in the United States that will co-sign for your apartment.

Q. What qualifications does a guarantor have to meet?
A. They must make 70 times the monthly rent and have clean credit.

Q. What documentation will the guarantor need to provide?
A. The guarantor must provide:

• Last 3 Pay stubs
• Last 3 Bank statements
• W-2’s and 1040’s for the last 2yrs

Q. What will the guarantor be responsible for?
A. The guarantor will be held responsible for the rent of the entire apartment for the duration of your stay with us. If you sign a renewal the guarantor is still responsible for the apt.

Q. When might I need a guarantor?
A. Here are some examples:

• You have not been employed by you current company for at least a year.
• You are below the minimum income for an apartment.
• You have no rental history.
• You have little or no credit history.
• Your application is not strong enough.
• Other instances may apply as well.

Q. How come some apartments have income ranges?
A. These apartments have guideline restrictions on them for income & occupants which are given to us by the city. These restrictions are strictly enforced and can not be altered.

Q. What is considered bad credit?
A. There are many things that disqualify your credit, some of the main things we look for are:

• Late payments
• Current delinquencies
• Excessive past delinquencies
• Bankruptcy
• Housing Court

Q. When are apartments available?
A. All apartments are available for immediate occupancy. If you cannot move into the apartment it will not be held till the 1st of the month, we will move to the next applicant.

Q. When do leases start?
A. Leases always start on the first of the month, if you are not signing your lease on the 1st your rent will be prorated for that month.

Q. How long will it take to find out if I have been approved after my interview?
A. Depending on the volume of applications, the entire process can take from one to three weeks, though if volume is high it could take longer.