The current real estate market has made finding a living space a very competitive endeavor and has led landlords to apply some very high standards for potential renters. Modern apartment communities are likely to look very closely at your credit score, your income, and even your past renting experiences to decide if you will fit well into the community. Use these tips to improve your application and make you more attractive to rental communities!
Improve Your Credit Score
Your credit score is a big factor in how attractive you are to landlords, but if you aren’t paying on a mortgage, it can be difficult to raise your score. Tools like Credit Karma and Experian can help you to keep an eye on your credit score, and features like Experian Credit Boost can add contracts including your cell phone, internet, cable, and utilities to your credit history to give you an instant boost. Get in the habit of buying regular essentials that you can afford with your credit card and be sure to pay the bill immediately to avoid carrying a balance or incurring interest fees.
Be Wise About Your Budget
Be realistic about the amount of rent you can afford. If you choose an apartment with a rental fee that exceeds your income, you are likely to be denied by a landlord. A good standard for determining a rent payment you can afford is to make sure your rent does not exceed 30% of your gross income. Consider all of your expenses as well – if you are caring for children, a loved one, or a parent, you may need to adjust your expectations to meet rent eligibility.
Collect Referrals
A good tenant is a great investment for any landlord, and referrals and letters of recommendation can be very important assets to a potential renter. Get referrals from past landlords and employers that show that you are dependable and honest. Referrals are most effective when they originate from professional sources like your boss or your landlord, but it never hurts to have personal references from neighbors, too.
Make a Positive First Impression
When you begin your apartment search, it’s important to approach the process with courtesy and professionalism. From your first phone call to the day of your tour, being respectful and communicative goes a long way. Arrive on time for appointments, engage politely with staff, and ask thoughtful questions. Instead of saying, “Why is rent here so expensive?” consider asking, “Can you walk me through what’s included in the rental price?” or “What amenities and benefits come with living in this community?” Showing that you’re respectful and easy to work with helps build trust—and could make a big difference when it comes time for a leasing agent to choose between applicants.
Be Prepared
Before you start your search, make sure you are organized. Be ready to pay a security deposit, first and last months’ rent, and know when you want to move. The competitive rental market makes landlords reluctant to “hold” an apartment and your landlord is likely to give the apartment to the first tenant who is ready and willing to begin residence. Likewise, a landlord will be more likely to notify you about upcoming availability if they know you are prepared.
To sum up, the current real estate market makes finding a living space a very competitive process. To make yourself stand out, you should pay close attention to your credit score and financial situation, be aware of potential red flags on your rental history and always consider leaving an impression of trustworthiness in the eyes of any landlord.
Choosing the right apartment can really make or break your rental experience, so why not choose the best community possible. We invite you to discover the Wentworth Apartments in Harrisonburg! With our online leasing options, professional onsite staff, and 24/7 emergency maintenance service, we are here to make your renting experience easy, stress-free and enjoyable!
(540)534-2025