The first thing to do when considering renting is to figure out your housing budget. Knowing your housing budget will help in determining the type of place you should look for, be it a residential home or a one-bedroom apartment.
Also, be sure to budget for utilities. You can check with your area’s utility companies to get cost estimates based on zip code. And while you’re shopping, ask the landlord if utilities are included in the rent. If not, ask how much you can expect to pay for them each month.
Don’t forget to factor in the price of renter’s insurance, which can help protect your belongings in the event of theft, fire or other disaster.
The next step when preparing to rent is to know what you can qualify for. A potential landlord will check your credit score and may ask for a copy of your pay stubs. While requirements vary, a credit score above 660 is generally considered good. (Don’t let this discourage you we can show you how to build credit just ask we are here to help)
If you’re moving for a new job, an offer letter will usually serve as proof of income. They will also ask for references and by this, they aren’t interested in talking with your parents or your best friend. They want to talk to your prior landlords and to your employer.
(Tip: Alert your references and human resources department that you have named them in your rental application so they won’t be surprised to receive a phone call from a prospective landlord.)
Tips for Renting with Pets
Be honest. The landlord will find out if you have a secret pet or that you have three cats instead of one.
Gather references.
Develop a resume for your animal.
Discuss your animal with the rental agent or landlord.
Introduce your pet.
Put it in writing.
Propose a trial period.
Ask before you adopt.
Be prepaired to pay pet rent or additonal fees.
Ask questions about breed restrictions.
In today’s competitive rental market, standing out from the crowd could be the key to securing your ideal rental property. When you go to meet with the property manager or owner be prepared for questions similar to a job interview. Here is a list of some common tenant screening questions.
Common Tenant Screening Questions
What date would you like to move in?
Do you have pets?
How long have you lived in your current home?
Why are you moving?
How many people will be living in the unit?
How many people living with you smoke?
What is your monthly income?
Have you ever been convicted of a relevant crime?
A note to our future Texas Home Buyers!
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