Some management companies actually own the properties, some only manage them for the owners, and some own some and manage some. We may know that company XYZ (which owns most of the properties they manage) never works with a credit score of under 500. However, XYZ company recently started managing a new property, “Shadow Mystic”, and even though XYZ has strict qualification, the property owner insisted on loosening the criteria for that property. So if someone with horrible credit had applied “Shadow Mystic” and was approved, they may wrongly assume they would be approved at any XYZ property.
There are many different factors which determine the qualifying criteria, and they can change at any time. If the occupancy is low, they may loosen the criteria, if the occupancy is high, they may tighten the criteria. If the property is for sale, I have seen them loosen the criteria to fill it up so the books look good. It all just depends on their current situation.
Some apartments in austin that accept bad credit require co-signors, some don’t. Some apartments offer second chances, some don’t.