Top 7 Things You Need to Rent a House

Dated: January 10 2022

Views: 159

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

  • No felonies

  • Some homes also have pet restrictions (number, breed, size)

 

Upfront Costs of Renting a Home Vs Renting an Apartment

  1. A security deposit equal to at least one month rent due at the time of application (sometimes upon move in)

  2. Application Fee: for each person over the age of 18, this fee varies

  3. Pet deposit(s): depending on the number of pets you have, if applicable

  4. 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!

512-897-7816

Blog author image

Dimas Realty Group

The Dimas Realty Group is committed to providing our clients with professional services based on our experience, knowledge and skills. We’ve filled this website with tips and resources to help you ....

Latest Blog Posts

More Than Half of Homes Sold in April Sold for Above the Listing Price

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,

Read More

Top 7 Things You Need to Rent a House

7 Things You Need to Rent a HouseThe following are the typical minimum requirements for leasing most homes.Income is 3x times the monthly rent Credit score above 600 for all adultsNo Open

Read More

Leasing General Information

The following are minimum requirements (PLEASE REVIEW so that you do not waste your money applying for places that may decline your application):Income is 3x times the monthly rent Credit score

Read More

How to Buy a House with Little to No Money Down

HOW TO BUY A HOUSE WITH LITTLE TO NO MONEY DOWN!The State of Texas has several AMAZING home buying programs available for low to moderate income folks purchasing their primary residence in Texas. If

Read More