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Good Credit No Criminal History. Good Rental History. Verifiable employment through pay stubs and / or tax returns. Minimum income requirements are as follows: Monthly income must be 3 times the monthly rent amount.
Application fees are refundable unless you disclose the purpose of the fee in writing to your applicant and specify that it is non-refundable.
Arizona is landlord-friendly because tenants cannot withhold rent for any reason. If a tenant in Arizona fails to pay rent, their landlord may deliver a five-day notice to pay or move out. If the tenant does not pay the landlord within five days, then the landlord can file an eviction lawsuit against the tenant.
Yes, in most cases, you will need to meet the 3x rent rule or at least be incredibly close to it. However, in situations where you may be receiving rent assistance or putting up additional security deposits, this may not apply.
In addition to the transaction privilege tax licensing requirements, all Arizona counties require residential rental properties to be registered with the County Assessor.
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People also ask

Arizona is considered a landlord-friendly state because of its low property taxes, which is one of the lowest in the country at 0.72%. Another reason why Arizona laws benefit landlords is that theres a lot of flexibility when it comes to written notices and eviction laws.
Registering your property as a rental is a separate process from recording an Affidavit. Please complete the Residential Real Property Registration form on our website or search for your parcel and click Register Rental.
A: The minimum credit score required is 600 for each occupant 18 years or older. *Our Resident Flex program allows up to one applicant to have a score between 550 and 599, if they meet all other criteria and their income IS NOT being used for qualification.

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