Archive for the ‘Apartment Renting’ Category

How To Rent Your First Apartment

Tuesday, October 27th, 2009

The first step is to find out what kinds of apartments are available in your price range. You have several options here. First you can look in the local papers, rental guidebooks and yellow pages for available apartments and apartment complexes.

You can also look on the internet. Many places have web sites where you can take a virtual tour of the facilities as well as see floor plans and pricing. This is a great way to compare different apartments without having to drive all over town.

You can also ask people you know if they know of any apartments that have vacancies. This is also a good way to find out what landlords are good to rent from and what apartment buildings are the nicer ones to live in. Finally, you can look on bulletin boards and to-let signs on the road. If you have real estate agents that specialize in rentals you might try them as well.

When you finally do find an apartment you are interested in, be prepared to fill out a rental application form. This information on this form will be used to determine if you are a good risk to rent to. They will most likely do a credit check and will verify employment and salary range. You may need to provide your social security number or the copy of your Visa or LPR card. You may have to pay a fee just to fill out the form and it may take a couple of weeks to find out if you are approved. First time renters might need a co-signer who will be responsible should you not pay your rent on time.

Once you are approved, expect to sign a lease. This document will state all the terms that apply to the rental as well as the time frame and fixed monthly rent. You should keep a copy of this in your files. The lease can be for any amount of time, but a year is pretty standard. The lease stipulates what recourse the landlord has if you fail to pay your rent and also that your rent can not be raised until the lease ends.

The landlord will want your first months rent in advance along with a security deposit which usually is equal to one months rent. Sometimes, they ask for the first and last months rent in advance in addition to a security deposit so you might want to ask about this up front to be sure you have enough money. Some apartments do allow pets and if you have one you can expect to pay an additional security deposit which will be specifically used to fix any damage caused by the pet. Some places also charge a small monthly premium if you have a pet.

If you leave at the end of the lease with your apartment in tip top shape, your security deposit will be refunded. The landlord may keep some part of the deposit if the property has incurred any kind of damage. You may have to forfeit your security deposit entirely if you break the lease agreement.

Unexpected things happen in life and you might enter into a lease with good intentions but circumstances might cause you to have to break it. Most landlords realize this and will try to work with you to get the apartment rented so you incur as little expense as possible. Be forewarned, however that if you do break the lease and the landlord cannot find a tenant you are responsible to pay the rent up until the end of the lease.

Finding an Apartment Rental

Saturday, August 1st, 2009

Are you moving across the country? If so, you better change you phone number now. Property managers get many local inquires. So why would they consider someone from out of state when they have plenty of good applicants for their apartment rental locally? It is sort of like someone applying for an entry level job out of state. Why would a hiring manager consider you when he has plenty of applicants just as qualified within his reach? If you have to leave messages or a contact number, the rental property manager will think you are local if you get a local number. And getting a local number is easy these days with wireless phones. Just call your wireless phone provider and tell them you want to switch you number to your desired area.

When you are out on the apartment rental hunt, keep your check book with you. This way if you run into an apartment rental that looks good to you and you are sure you want it, you can quickly jump on it. Otherwise, by the time you go home to pick up your check book, someone else could have jumped on it before you.

Be prepared to fill out a rental contract. This means know everything about you. If you cannot remember every detail, bring it with you. It is like a job application. You will have to fill out addresses and phone numbers of former employers, references and more. Again, if you find a rental property that you like, you will want to jump on it because you are not alone. If you have to bring the application home to fill it out, the apartment rental could already be taken.

Bring your credit report with you. Not only will this impress the rental property manager, you also will be ahead in the game. As other applicants may have to wait and dish out money for each rental application they fill out, you will be done and just have to pay one time.

Again, searching for an apartment rental is not much different from searching for a job. So, you want to dress to impress. The landlord has to choose from several qualified applicants. If you show up in ripped jeans and a dirty tank-top, guess who will remain homeless. Remember, you are in a competition. Though performance enhancing drugs will not give you an edge, your appearance will. If you have an appointment with the rental property manager, show up on time. Do not be discouraged if you do not get the first apartment rental that you fell in love with. As they say about dating, there are plenty more fish in the sea.