Getting a rental apartment in any big city is a competitive sport. When you find the apartment of your dreams, you’re up against a dozen other applicants. If you want to win the rental race, you have to go in prepared and ready to act fast.
Here are a few helpful tips to get your rental application approved quickly for your ideal home. Before you go to an open house or an apartment viewing, make sure you bear these factors in mind.
In a crowded city like New York or San Francisco, securing an apartment often requires luck… and instant payment. A realtor based in New York has suggested even bringing enough cash (or cashier’s check) with you to pay the deposit immediately – it works even better than a regular check. Otherwise, bring your checkbook to show the property manager or the rental owner that you are serious and ready. A good rule of thumb is to have two months of rent and the deposit available before you go apartment hunting.
If there’s a rental application available online, fill it out ahead of time. Make a copy of your photo ID and pay stubs to go along with the application. Although most management companies will run a credit check, you can offer your most recent credit report upfront to create a positive impression. A letter of recommendation will also work in your favor whether it’s required or not.
If you have less than perfect credit or if you’re a freelancer who doesn’t get a W2 or a steady pay stub, it’s best to have a financial guarantor. Ask a friend or someone in your family to be your co-signer on the application and have that person’s documents ready as well. This person is essentially a promise to the landlord that someone will pay the rent if you fail to do so.
Some buildings require a rental interview for prospective tenants. Please make sure you ditch your pajamas and athleisure on the day of your interview. You don’t have to dress like you’re going to a wedding or a job interview, but dress well enough that you can make a great first impression. If there’s another candidate who comes as prepared as you, the critical difference might just be how the landlord “feels” about you. Don’t be afraid to make small chitchat and show the friendly side of your personality.
With the tips above, win the rental game and live in the apartment of your dreams!
Check out TheBindel.com for our list of available rentals!