Making a sizzling rental application
It’s that time of year again, and it seems like every one is looking for a new place to live. With the joys of looking for a place often comes the worries of rental applications. This article is going to go over five distinct tips to make sure you’re applying to the right places, in the right way to get yourself noticed.
Every landlord is looking for the same basic type of tenant – a stable one who will provide no problems – consider these tips when trying to present yourself as that tenant.
Be aware of what you can afford
That newly renovated 4 bedroom may be gorgeous, but can you really afford it? You need to keep in mind that rent occurs not just once, but every month, and that no landlord takes too kindly to late payments.
Figure out what you can afford, and only apply to places in that range! It may sound simple, but we all know how easy it is to get caught up in the moment and push ourselves “just a bit” further than we were expecting to. A good general rule of thumb is to aim for a rental fee that’s less than 30% of your monthly income, this provides a good balance of funding for other expenses and general spending, and can avoid situations where you have to try to explain to your landlord why you can’t afford to live there this month.
Present yourself as stable
Landlords crave stability in a tenant. A good tenant who pays their rent on time is worth their weight in gold, even if they don’t have the highest paying job. The key here is to ensure that you present yourself as stable, let them know about your employment situation and how you plan to pay the rent – show them that you’re considering the cost ahead of time.
With the real estate market being as in demand as it is, it may be a good idea to offer to pay another month ahead to try to seal the deal with a landlord on a popular property. This show of good faith also ensures your landlord knows that you have the cash to afford their property, and is a great way of establishing the stability we talked about above.
Dress nicely and act like an interview
Dress nicely, shake hands, and smile. In many ways, a landlord-tenant meeting is a lot like an interview, and it should be treated with the same importance. You want to reflect the fact that you’re taking this apartment hunt seriously, something that can go a long way in establishing yourself as a professional in your landlord’s eyes.
Another element of this is timing. Be on time, bring the forms that were requested, and be prepared with questions and a response for the end of the interview. This will not only help your landlord get a sense of you as a responsible adult, but will also help you get to know the space better and really find out if it’s the right fit for you.
Let landlords know about the things in your situation that can impact them. Do you have another roommate in mind? Do you guys have pets – or will you have pets? Keep these questions in mind when trying to be honest and upfront, this is the best way to deal with a landlord.