Rent Ready 2 Bedroom Apartment Coming Soon!

Welcome to Luradel Street Apartments in Portland, OR! This charming 2-bedroom, 1-bathroom apartment offers a convenient location with off-street parking for residents. Enjoy the benefits of energy-efficient windows, a dedicated water heater, and the ease of an online tenant portal for all your leasing needs. Relax on your private patio or balcony, and take advantage of the on-site laundry facilities for added convenience. Contact us today to schedule a tour of Luradel Street Apartments and make this your new home sweet home!
12,16,18-month leases available
SkyNat Property Management – Application & Screening Criteria
Equal Housing Opportunity Statement:
SkyNat Property Management complies with all local, state, and federal Fair Housing laws,
including the Oregon Fair Housing Act, the Washington Law Against Discrimination, and
local ordinances in Portland and Vancouver. We do not discriminate based on disability,
source of income (including housing vouchers), race, sex, age, familial status, sexual
orientation, gender identity, marital status, national origin, color, or religion. Reasonable
accommodation/modification requests are welcomed and may be submitted at any time
during the tenancy process.
Occupancy Policy
• Two persons per bedroom, plus one additional occupant per unit.
• Bedrooms must contain at least one window and a closet.
• Reasonable accommodations for larger households may be considered upon
request.
Application Process
• Applications are processed first-come, first-served, per Portland City Code
30.01.086 and RCW 59.18.257 (WA).
• All applications and screening are conducted through AppFolio, our secure online
platform.
• Each adult (18+) must submit a separate, completed application.
• Non-refundable screening fee: $55 per applicant (cashier’s check or money order
only).
• Rental agreement is available upon request before applying.
• Screening typically completed within 2–3 business days.
• Upon approval, a $300 Execution Deposit is required within 48 hours to hold the
unit.
o This applies to the total move-in cost.
o If the applicant fails to take possession within 14 days of approval, the
Execution Deposit is non-refundable.
• All move-in funds must be in certified funds.
• Applicants may submit supplemental evidence to explain or mitigate potentially
negative screening results (required in Portland; accepted in Vancouver).
Identification Requirements
• Valid, government-issued photo identification is required.
• Acceptable forms: driver’s license, passport, state ID, ITIN, SSN card, visa, or other
valid ID.
Security Deposit
• Deposit amount is based on screening results: 1 to 1.5 months' rent.
• If last month’s rent is also required, the security deposit may not exceed ½ month’s
rent (in Oregon only).
• In Portland, additional deposits (if required) must be payable in three equal
monthly installments.
• In Washington, deposits and fees may not exceed one month’s rent unless
voluntarily agreed to in writing.
Renter’s Insurance
• Required: $100,000 liability coverage minimum.
• SkyNat must be listed as an "interested party."
• Exemptions: Renters earning ≤50% of Area Median Income (AMI) or residing in
publicly subsidized housing (excludes voucher holders) are exempt under Portland
law.
• Renter’s insurance is strongly encouraged but not mandatory in Vancouver, WA
unless otherwise required by lease.
Income Requirements (Financially Responsible Applicants Only)
• Monthly gross income must be at least 2x the stated rent.
• Acceptable documentation includes:
o Recent pay stubs
o Tax returns
o Bank statements
o Award letters from Social Security, VA, or other agencies
• Screenshots of income documents or bank accounts are not accepted.
• Self-employed applicants must provide 2 years of tax returns and 3 months of bank
statements.
• If income is insufficient, a qualified co-signer or financially responsible roommate is
required.
• We accept all legal sources of income, including public assistance and housing
subsidies.
Rental History Requirements
• At least 12 months of positive, verifiable third-party rental history or
homeownership is required.
• Less than 12 months may require additional deposit or qualified co-signer.
• First-time renters may provide alternative documentation (e.g., student housing,
military housing) with additional deposit or co-signer.
• Applicants with unpaid rental balances to a current or previous landlord will be
denied, except when the debt is from Portland’s COVID-19 Protected Period (April 1,
2020 – February 28, 2022), as required by Oregon law.
• Three or more late rent notices or dishonored checks in the last 12 months =
denial.
• Negative landlord references or unpaid rental debt may result in denial or increased
deposit.
Credit Requirements (Financially Responsible Applicants Only)
• A credit report will be obtained through AppFolio.
• Applicants may be required to provide an additional deposit or co-signer if:
o Over $1,500 in non-medical collections
o 10 or more collection accounts
• Bankruptcy:
o Chapter 7 within the last 12 months or currently pending = denial
o Chapter 13 may be accepted if over 3 years old and in good standing
• Foreclosures are treated as a credit issue, not rental history.
Co-Signer Requirements
• Co-signers must submit a full application and screening through AppFolio.
• Minimum income = 3x the rent.
• Must sign a Guarantee Agreement for the duration of tenancy.
• Must meet all screening criteria.
Criminal Background Screening (All Applicants)
• In accordance with ORS 90.303 (OR) and RCW 59.18.257 (WA), we screen for
certain criminal convictions.
• Automatic denial may result from convictions or pending charges for:
o Murder, manslaughter, arson, rape, kidnapping, sex offenses, or drug
manufacturing/distribution.
• Felonies within the last 7 years may result in denial if related to:
o Person/property crimes, drug offenses, or financial fraud.
• Misdemeanors within the last 5 years may result in denial if related to:
o Domestic violence, restraining orders, weapons, impersonation, fraud, Drug
offenses.
• Misdemeanors within the last 3 years:
o Theft, trespass, vandalism, property crimes.
• Registered sex offenders or those required to register for life = denial.
• Individualized assessments are available upon request.
• Arrests without conviction, expunged or sealed records are not considered.
General Denial Criteria
• Incomplete, misleading, or false information on the application
• Failure to meet three or more screening categories
• Behavior that poses a direct threat to other residents, staff, or property