Ready To Rent

Are you READY to RENT?

New Job?

New Location?

More Space?

New Life?

The good news is that renting is easier than buying.  Many people get hung up on the emotional part of finding that great place to rent.  In most cases, renting is not a permanent decision.  The key questions you can ask are:

1) Location - Always the most important factor of where you want to live

2) Price - The best price is the best deal.  Spending more money on a rental usually does not make a lot of sense.  When choosing a rental though, spending a little more to get a good or great place is often well worth it.  Basic happiness is always key.  Glitz and glamour, fabulous views, impressive kitchens and baths have to be weighed against budget. 

3) Size -  Rentals can be smaller in most cases.  Unless you are renting for a long term and/or to provide space for a family, most rentals can be smaller than what you might originally desire.

In NYC or other Metropolitan areas other questions might affect your choice:

1) Walk-up or elevator building

2) Closeness to transportation

3) Safety

4) View

5) Doorman/Non Doorman

6) Pet Policy

7) Parking

The Last set of questions that would effect your decision are:

1) Amenities - Gym, Pool, Social Activities etc.

2) Fees - Application, credit check, move in/out, broker's fees

What is Needed to Rent an apartment?

1) Good Credit Score - High 600's and above

       ( if you do not know your credit score - get a copy of your credit report from an agency like www.freecreditreports.com.  Be careful that you cancel after obtaining it so you do not have to worry about monthly fees.  If you have a problem with credit some landlords will take a higher security)

2)  Proof of employment - copies of paystubs and a letter from your company confirming that you are employed and if possible your income.

3)  Reference from your current landlord stating that you pay your rent and are a good tenant.

Other Documents often needed ( Especially in New York City)

1)  Copies of your bank statements (2 months) showing that you have money in the bank.

2) Copies of tax returns

3) Letters of reference