7 Tips for a Stress Free Rental Experience

7 Tips for a Stress Free Rental Experience

As the rental market continues to heat up I like to have my clients and customers prepared to make an offer when they see something that they really feel suits their rental needs.  Sometimes having to wait a day or two (or three) can mean the difference in securing the rental of your dreams and starting the search all over again.  I had a client that was in the process of moving and had all of his tax information in storage – the co-op he was hoping to rent required last year’s tax return and because he couldn’t get a copy in time he lost the unit.

By having these basic steps covered you are a ready, willing and able renter – exactly the kind landlords are looking for!  If you have any questions, or if you have other tips to share please let me know!

 

7 Tips for a Stress Free Rental Experience

 

  1.     Determine your budget – know exactly how much you can afford per month for your rent. Ask your realtor to provide all expenditures necessary to secure a rental property (security, application fees, broker’s fees, pet security, parking fees, etc.).
  2.     Have your most recent credit report ready, there are free sites that provide scores from the top three credit agencies.
  3.     Have your most recent pay stubs as well as your tax returns for the past year (depending on the landlord you may need one or both of these items).
  4.     Have two references – ideally one personal and one professional. If you have a reference from a past or current landlord citing that you are a good tenant that is wonderful!
  5.     Know what areas/locations you want to rent in – consider conveniences, commute, access to roadways. If you have seen listings that interest you share them with your realtor.
  6.     Prepare two lists to share with your realtor – must have list and wish list. Realize that you may have to be flexible – but be clear with your realtor if something is non-negotiable.
  7.     Make sure your realtor knows if you have a pet, if you need laundry facilities in the unit or in the building, if you are a smoker/non-smoker, if you need on-site parking. This information can help to prepare a list of considerations that best suit your needs.
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About Pat Palumbo

Pat Palumbo is positive that we all have the power to change the world. In big and small ways our choices form our experience, and in turn affect everything around us. At home, in our communities, and globally we can and should be a force of positive change. Pat's training as a Marriage & Family Therapist, as well as a background in advertising & public relations, provide her clients with many resources. Her passions include family, theatre, philanthropy, reading, writing, cooking, and travel. In all things kindness, compassion, and service. Pat is the President & COO of PhraseMark Inc. - engage, empower, elevate

2 Responses »

  1. Thank you Pat for these great tips. Now more than ever the importance of understanding the rental process is critical. I will pass this along to those who are considering the rental option.

    • Thank you Elisa! It’s important for us as realtors to cover the basics – the more information a client or customer has the more positive the experience.

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