We’ve compiled this list of steps to finding the perfect rental home.
Step 1 – Determine Your Price Range
The most common income requirement for renting is for your gross monthly income to be 3x the monthly rent. Of course, there are exceptions and ways to verify your income if you are self-employed.
Step 2 – Check Your Credit
Credit issues are worth checking before you apply. Everyone is entitled to one free credit report from each credit agency every 12 months. This will help you ensure your information is accurate and up-to-date.
Step 3 – Contact a Professional Real Estate Agent
A real estate agent can help you narrow down your search, find properties you may not be aware of, and guide you through a smooth transaction. Whether you are looking for an apartment, condo, town home or other residential property, contact our team when you are ready to start your search. Our services are paid for by landlords/apartment complexes, so it doesn’t cost you anything to get help!
Step 4 – Begin Your Search
Whether you start your search on your own or with the aid of an agent, you’ll want to narrow down a few criteria. What area or areas of town are you looking? What are your specific needs and wants? Do you want a single-family home or apartment?
Step 5 – Complete an Application
Once you find your perfect rental property, complete an application. You may fill out a paper app or an online one. Be prepared to pay an application fee and in some cases, a deposit to hold the property.
Step 6 – Sign Your Lease
When you do get approved, you will need to sign a lease. Be sure to go through the lease and ask questions if you do not understand something. Things to look for include the deposit amount, terms for breaking a lease early, and the renewal notice required.