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Application Process

Thank you for choosing Armadillo Property Management!

  • Applications are processed on a first-come, first-served basis.
  • Applicants with less-than-optimal scores may be required to provide a Guarantor for the lease or pay a double security deposit.
  • Application approval is based on a combination of factors, including positive employment and housing references, a satisfactory tenant qualifier score on the credit report, verifiable current monthly income, and a passed criminal background screening. 
  • Applicants or a trusted representative must tour the property before their application is processed.
  • All copies of our forms are available for review on our website under the Residents tab.

Portable Resident Screening Reports 

Applicants have the right to provide Armadillo Property Management with a Portable Tenant Screening Report (PTSR), as defined in Colorado Revised Statutes § 38-12-902(2.5), that is not more than 30 days old.

If you provide a valid PTSR:

  • We cannot charge you an application fee.
  • We cannot charge you to access or use the PTSR.

Note: If providing a PTSR all applicants must fill out our application as well. We will not charge the $36 application fee for processing the background reports. 

Qualification Standards

Application Requirements

  • Every resident 18+ must submit a completed application.
    • Application Fee: $36 per applicant through TenantReportX
    • Application fee’s will be charged once the applications are complete
  • Every applicant must create a PetScreening profile (required even if you have no pets). https://armadillopm.petscreening.com
    • Petscreening fees are as follows: 
    • Household Pet Profile: $30 (credit/debit) or $25 (ACH)
    • Assistance Animal Profile: $0
    • No Pet/Animal Profile: $0
  • Incomplete applications will not be accepted. If another applicant submits a complete application ahead of yours, theirs will be processed first.
  • Approval typically takes 1–3 business days, depending on reference responses.
  • All information must be verifiable; false, inaccurate, or incomplete information can be considered fraud and may result in a denial.
  • Lease must be signed within 24 hours of being sent, or the application will be considered withdrawn.

Reminder: Properties remain available until a lease is signed. Backup applications may be considered if deadlines are not met.

Income Requirements

  • Every applicant must earn at least 2x the monthly rent (gross) individually.
  • Families income may be combined but roommates income is not combined.
  • Acceptable income includes: employment, cash assets, housing vouchers, unemployment, grants, student loans, trust funds, child support, alimony, SSI, SSDI, and other verifiable sources.
  • Employment is verified via pay stubs (past 2 months) or tax returns (if self-employed).

Lease guarantor or a double deposit (refundable per C.R.S. 38-12-103) may be required if:

  • Gross income is not at least 2x the total rent per month/per person
  • You are a student (unless meeting income requirements). 

Rental History

  • The previous 2 years of rental references must be verifiable (family landlords will not be considered). 

Lease guarantor or a double deposit (refundable per C.R.S. 38-12-103) may be required if:

  • You have not been on a lease in the past 2 years
  • If you lack rental history or have gaps in references and are living with family or if a family member is/was your landlord

Denial Criteria

Applications may be denied for:

  • Lease violations (property damage, noise, unauthorized pets/occupants, etc.)
  • Credit scores below 580
  • Application fraud
  • Evictions, unpaid balances, or mutual lease rescission in the past 5 years
  • Criminal history involving:
    • Methamphetamine manufacturing, distribution, or possession
    • Sex offender registration requirements
    • Felony stalking convictions
  • Not providing valid or verifiable references

Lease Term and Payment Policies

  • The lease must be signed within 24 hours of being emailed; otherwise, the application will be withdrawn, and the next complete application will be considered.
  • Security and Animal Deposits are due at lease signing; rent must be paid prior to move-in.
  • Standard security deposit is equal to one month’s rent (double deposit may be required in certain cases)(Double deposit would be the standard security deposit x2.
  • Payment is due within 24 hours of lease signing.
  • If move-in occurs within 7 days of signing, payment must be made in certified funds.
  • Online payment is available in most cases. 

    • Service fees:
      • 4% fee for credit/debit cards
      • Free for echeck/ACH
  • Proof of renter’s insurance is required for the entire lease term.
  • PetScreening Profile Renewals https://armadillopm.petscreening.com
    • All profiles must be renewed annually to:
      • Ensure residents understand updated pet policies
      • Maintain safety for pets, staff, and maintenance personnel
      • Allow residents to add or remove pets during the lease term
  • Review our full Pet Policy 

Housing Assistance

We accept applications from residents receiving housing subsidies/assistance. 

  • Housing Coordinators’ contact information must be provided to Armadillo Property Management

If you indicate that you receive assistance:

  • Credit history will not be considered.
  • Your application will be evaluated based on criminal history and income.
  • Criminal history review includes:
    • Evictions, unpaid balances, or mutual lease rescission in the past 5 years
    • Methamphetamine-related offenses
    • Sex offender registration requirements
    • Felony stalking convictions
  • Must make 2x their portion of rent

Note: Financial help from friends or relatives is not considered a subsidy unless part of a formal program.

Housing subsidy/assistance means any portion of a rental payment that is derived from a public or private assistance, grant, or loan program and that is paid by the program directly, indirectly, or on behalf of a resident to a landlord.

Fair Housing Policy

Armadillo Property Management complies with all Fair Housing laws, including:

  • Disability, race, creed, color, religion, national origin, ancestry
  • Sex, sexual orientation, gender identity/expression, marital or familial status
  • Veteran or military status
  • Source of income

We also adhere to RESPA and Fair Housing regulations.

  • Armadillo Property Management reserves the right to deny any applicant who does not meet minimum qualification standards.