We’re in the midst of a huge demand for homes—and that demand translates to sellers fetching higher prices for their homes.According to data from real estate technology firm OJO,
Top 7 Things You Need to Rent a House
Dated: January 10 2022
7 Things You Need to Rent a House
The following are the typical minimum requirements for leasing most homes.
Income is 3x times the monthly rent
Credit score above 600 for all adults
No Open Bankruptcies - They must be discharged
Accounts in good standing
No evictions or judgements in the last 7 years
Some homes also have pet restrictions (number, breed, size)
Upfront Costs of Renting a Home Vs Renting an Apartment
A security deposit equal to at least one month rent due at the time of application (sometimes upon move in)
Application Fee: for each person over the age of 18, this fee varies
Pet deposit(s): depending on the number of pets you have, if applicable
Pet rent: to be added to your month rent in some cases
I will help you calculate a more accurate number, but expect an upfront cost of about 2.5 times rent if you need an immediate move in and have pets. You should also be prepared to provide Utility Transfer Account Numbers and Renters Insurance information before receiving the keys.
Why Work With a REALTOR® to Lease a Home?
As a REALTOR®, I advocate for you and walk you through the process. I am held to a code of ethics that includes honesty and fidelity. This means I am honest and loyal to you, not the landlord of the home or the property management company. This comes at no cost to you - the landlord or property management company pays me for my service. Can the owner’s agent, owner or property management company really represent both you and their client?
Call me today to start your search!
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