Starting the rental process can be an arduous task, especially when you don't know what you want. Many people are forced to look for new rentals due to job relocations, new property ownership, and other situations. That's why it's important to clarify your needs in advance.
Thus, describing your ideal rental is your first step.
How much space do you need? How long do you want to live in your rental? Do you want to be near public transportation, stores, and other amenities?
Learn how to search through real estate listings, find experts, and more tips in this essential guide.
Look For Real Estate Every Day
If you anticipate a move on the horizon, start looking for a new rental right away. The best properties go quickly. You should also know when you're in a renters market; you can find better prices during these periods.
Jot down a list of pros and cons, filtering ideal properties from the rest.
Here are a few filters to start:
- Rental price ranges
- Distance to work locations
- Proximity to transportation and stores
- Parking space availability
- Neighborhood noise levels
- Allowed to keep pets
If you have children (or are planning to have children), you should consider school districts. Proximity to hospitals and clinics should also be a consideration.
Keep this list handy as you search through local real estate listings.
Taking the Next Step
Once you've narrowed down real estate listings. Your next step is to communicate with these rental owners. You may be working directly with the owner or a property manager.
A property manager may ask you to fill out an application right away. You may also be invited to visit an open house prior to applying. You should get a feel for a property before signing on the dotted line.
If the property has an online application link within the listing, it doesn't hurt to apply in advance.
Make sure you have the following information when applying:
- Good credit history
- A steady occupation
- Excellent rental history
- Mandatory deposit amount
- Contact information
- References
A property manager will likely run a thorough background check before approving your application for lease. This process is called tenant screening. Some property managers may check references by calling or emailing them.
Understand How Lease Contracts Work
When applying for rentals, see if you can procure a copy of the potential lease contract. You may need to hire a lawyer to help you understand the finer details of the contract. There may also be arbitration clauses to mitigate any potential tenant-landlord relations.
Another factor to consider is lease negotiations. Typically, you would take this step unless you're renewing a lease for a current rental. However, if you're in a renter's market, you may be able to negotiate a lower rental price.
Start Looking Through Real Estate Listings
Be as intentional as possible when looking for rentals. All the information you need is described in the real estate listings themselves. You'll find everything from rules to property photos.
PMI Capital District can help you find the ideal property for rent. Take a look at our current listings or call us today to talk to one of our real estate experts.
