Frequently asked questions.
I would like to setup an appointment to view some of your homes?
You don`t need an appointment. You can view many of our homes at your convenience without an appointment by adding yourself to our VIP Renters List and then calling the rental hotline 651-204-6760 before you drive to the homes.
How do I apply?
Easy, you can apply online at www.MNHomeRental.com you will find the online application under “What is the first step". Also, you must pay for the background check. You can pay online using a credit card or electronic check. The cost is $35 for Individuals $47 for a married couple with the same last name. The background check is usually completed with 2-4 business days. For faster service please Fax a copy of your most recent pay stubs to 651-286-0776
If I start renting one of your homes can I change to a rent to own program before my lease is up?
Yes, in most cases by singing a Lease Option Contract and paying an option fee you would have up to 3 years to buy the home at anytime and possible receive up to 100% of your rent going towards future purchase depending on the option fee amount paid and qualifications.
Do you accept pets?
Yes, in most cases with owners approval dogs and cats are allowed with a pet agreement and additional security deposit usually $300 plus $20.00 per pet added to the monthly rent.
What type of tenant/buyer qualifies for these homes?
Each property owner has different requirements regarding credit standing, down payment, and other factors. Most owners look closer at your rental/employment history and ability to make monthly payments and less on your actual credit score. You can get more information by view our Rental Criteria page.
What homes do you have available?
You can visit our website at www.MNHomeRental.com and click on Available Properties to see an up to date list of all currently available homes.
Do you offer down payment assistance?
Yes, depending on the owner, down payment sometimes can be spread out over time. We can set up a payment plan to spread out your down payment over 1-2 months. You also have the option of putting the payments on a credit card.
Does bad credit disqualify me from Renting or the Rent-to-Own (lease option) program?
NO, we look at your ability to make monthly payments and your desire to own a home. Current or past credit issues are not the most important qualification, however, if you have ever failed to pay rent or have been evicted, (unlawful detainer), don`t apply.
What If I have a home that I would like to rent/rent-to-own?
You can sign up online under Property Owners.
How can I buy a home when I have bad credit?
You may not be able to get financing through a traditional lender now, however, we offer options such as rent-to-own, (lease options), which give you time to improve you credit and show stable payment history. This will increase your chances of qualifying for mortgage in the future.
How does your Rent-to-Own Program Work?
See. Rent or Rent to Own. Benefits.
Do you accept section 8?
YES, some of the property owners will accept section 8 see actual list for details.
Where are you located?
We are located in Inver Grove Heights, Minnesota
Why should I work with MnHomeRental.com?
Our service is completely free to the tenant. We offer you the opportunity to talk to and meet with as many property owners as you like and choose from all of the homes we have available. You can rent or rent-to-own anywhere in Minnesota and Wisconsin viewing the properties from the comfort of your home.
What kind of terms should I expect to be offered?
Homes are available in all price ranges; however, you will have different terms offered by each property owner. Most homes will be available for rent or rent-to-own. Homes will be available with a small down payment while others may require larger down payment.
How many property owners will contact me?
This depends on how many properties match your criteria from your VIP Renters List. (Please provide as much information as possible)
How much does your service cost?
It`s absolutely free to tenants. Start receiving property leads and have the ability to view many of our current homes at your convenience by joining the VIP Renters List
I have rental property; can I list my property on your site?
Yes, please visit our Property Ownerspage.
Do you work with real estate investors?
Whether you are a new or experienced real estate investor we can work with you to fill your vacancy with the tenant/buyers you are looking for. Contact us for more details.
